By State Electric Company (Stelco) Managing Director Hussain Fahmy has been honored as the Most Inspiring Executive of the Year at the prestigious Asia Corporate Excellence and Sustainability (ACES) Awards 2024. This recognition highlights Fahmy’s exceptional leadership in achieving Stelco’s goals and his commitment to innovation, sustainability, and organizational excellence.
A Journey of Dedication and Leadership
Fahmy’s association with Stelco spans over 26 years, beginning in 1998 as an Accounts Assistant Trainee. Rising through the ranks, he was appointed Managing Director on November 28, a role in which he has transformed the state-owned company, serving more than 60,000 customers nationwide.
Under his leadership, Stelco has become a cornerstone of national development, meeting the evolving energy demands of a rapidly urbanizing nation and its thriving tourism sector. Fahmy’s focus on modernization and innovation has enabled Stelco to adapt to emerging technologies, ensuring reliable and sustainable energy services for its diverse customer base.
Driving National Sustainability Goals
A key achievement of Fahmy’s tenure has been his contribution to the Maldives’ ambitious goal of becoming a net-zero carbon emitter. By prioritizing sustainable power solutions and spearheading the development of renewable energy infrastructure, Fahmy has positioned Stelco as a leader in green energy initiatives. These efforts align seamlessly with the government’s broader environmental objectives, making Stelco an integral player in the nation’s sustainability journey.
Excellence in Business Management
Fahmy’s leadership is characterized by a strong emphasis on business productivity, operational efficiency, and sustainable growth. By upholding principles of collaboration and transparency, he has cultivated an inclusive workplace environment where diverse perspectives thrive. His commitment to employee engagement, professional development, and a culture of continuous learning has been instrumental in driving Stelco’s success.
Stelco’s ability to cater to the dynamic needs of its customers, while staying ahead of global energy trends, reflects Fahmy’s strategic vision and technical expertise. His leadership ensures that Stelco not only meets its operational objectives but also remains a forward-thinking, customer-focused organization.
A Celebrated Visionary
The ACES award underscores Fahmy’s outstanding contributions to Stelco and his inspiring leadership style, which has earned him recognition across Asia. His strategic acumen and dedication to sustainable growth serve as a model for executives across industries.
As Stelco continues to evolve under Fahmy’s guidance, his recognition as Asia’s Most Inspiring Executive is a testament to his unwavering commitment to excellence, innovation, and sustainability.