Ashan appointed as FSM’s first female managing director

Fathimath Ashan made history on Sunday by becoming the first female managing director to be appointed to the Fuel Supplies Maldives (FSM) – a subsidiary of the State Trading Organization (STO).

STO announced the appointment on Sunday afternoon. According to STO, Ashan is not just the first woman to head FSM, but also the first female managing director within the STO Group.

We're pleased to announce the appointment of Ms. Fathimath Ashan as the Managing Director of @FuelSuppliesMv, effective Dec 15, 2024. This milestone appointment marks her as the first female MD within the STOGroup, reflecting our commitment to progress and exceptional leadership. pic.twitter.com/TH5PDP5sPz

— STO (@stoplc) December 15, 2024

STO said the appointment marks the organization’s commitment “to progress and exceptional leadership.”

Ashan replaces Ismail Suhail, who stepped down from his position as the managing director of FSM on November 26.

History in the making!

Welcoming our first female Managing Director Ms. Fathimath Ashan. pic.twitter.com/olJeouUIY4

— FSM (@FuelSuppliesMv) December 15, 2024

She previously served as STO’s senior general manager and as deputy CEO of the Maldives Industrial Fisheries Company (MIFCO).