Seychelles Trading Company |04 December 2025

Appointment of new CEO and board of directors

Following a concerning downward trend in the financial performance of the Seychelles Trading Company over the past few months, the government has taken a decision to terminate the contract of the chief executive of the company, Ashik Hassan, with effect from Friday December 5, 2025.

A new chief executive as well as a new board of directors for the company will be announced next week.

The Minister for Finance, Economic Planning, Trade and Investment, Pierre Laporte, announced the decisions to the media yesterday afternoon, in the presence of the chairman of the Seychelles Trading Company (STC) board, Imtiaz Umarji and the principal secretary for Finance, Astride Tamatave, who also sits on the STC board.

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