Shahidzadeh replaces Ahmad Doust-Hosseini who had assumed the fund’s management in the summer of 2016 after its previous chief Seyyed Safdar Hosseini was forced to quit in the wake of a payment scandal. Shahidzadeh is a seasoned banker who has served as the chief executive of Agriculture Bank and deputy chief executive of the privately-run Eqtesad Novin Bank. The reshuffle comes as the rainy-day kitty faces challenges such as excessive withdrawal of its resources and chronic mismanagement. As per the law, 32% of the country’s oil and gas resources should be deposited at NDFI for future use and key development projects, Financial Tribune reported.