The MTT began using Metro as its operating name during the late 1980s when the Trust was a division of the Department of Transport. The Metropolitan Transport Trust was dissolved when Metro Tasmania Pty Ltd became a state-owned company in February 1998. Metro Tasmania has two shareholders, by law both are ministers in the state government. The Treasurer is one shareholder, while the other holds the Transport portfolio or its equivalent. The government appoints directors to the Board of Metro Tasmania, who in turn appoint the Chief Executive Officer.