Commodity Exchange in Quest for New CEO

The Ethiopian Commodity Exchange (ECX) is soon to have a new Chief Executive Officer (CEO). In the mean time, the Board of Directors has short listed five candidates and began evaluating their Curriculum Vitaes.

The CEO is accountable to The Board of Directors. The Board is composed of eleven members, of whom six were appointed by the Ministry of Agriculture and Rural Development, including the Chairperson, with the remaining elected by members.

Since its establishment, the ECX has witnessed two CEOs,  Eleni G. Medhin (PhD) and Anteneh Assefa. The latter resigned from his position and went to US one year ago.  Currently, the ECX is being run by its interim CEO Shimelis Habetewold.

The ECX was established in 2007, as a public-private enterprise partnership, with the aim of transforming the country’s agriculture into a market oriented production, in accordance with proclamation No.550/2007. The Ethiopian Commodity Exchange Authority (ECXA) has given the mandate to regulate the ECX. It commenced its trading operations in 2008.

The identity, as well as the background of the short listed candidates, has not been disclosed.


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