Heavy Lobbying of the Retired Head of the Stock Exchange Organization for Reappointment
Hojjatollah Seyedi, the head of the Stock Exchange and Securities Organization, while being retired and according to the law could not take a position, was appointed as the head of the Stock Exchange Organization during Abdolnasser Hemmati’s time by obtaining a one-year permit from the office of the former leader of Iran.
Despite more than a year passing since Seyedi’s tenure and the expiration of his term, and with September marking two years, there has been no news of his replacement so far. Instead, received reports suggest that Seyedi claims to have connections with the office of the former leader of the Islamic Republic and is seeking to extend his permit, which given the current situation in the country, seems far from reality.
Madani Zadeh, who reached the Ministry of Economy with the slogan of rejuvenation and not employing retirees, is reportedly under pressure from the Turks’ lobbying and negotiations for Seyedi’s retention. It remains to be seen whether he will act contrary to his slogan or adhere to it by changing the head of the Stock Exchange Organization.
On the other hand, Seyedi’s performance during his tenure has also been criticized by experts and active participants in Iran’s capital market.
