In a statement issued to the market today, the board of Fijian Holdings Limited announces the new changes made to the Board.

 

The Board has today endorsed the appointment of the new board members made by the Honorable Minister of Fijian Affairs to fill casual vacancies for B- Class Directors on the FHL Board, the incoming Chairman of Fijian Holdings Limited, Mr. Robin Storck said.

 

In making the announcement, Mr Storck said that the Board has accepted the resignation of outgoing Chairman, Mr Josaia Mar and has appointed Mr Robin Storck as the new Chairman, and Colonel Aziz Mohammed as the Deputy Chairman.

 

The new appointments to the Board are Robin Storck, Padam Lala, Colonel Aziz Mohammed and Sereana Qoro. These Directors have been appointed to replace Sekonaia Tui Mailekai, Iowane Naiveli and Asif Razak who have tendered in resignations as Directors representing B-Class shareholders. The Board has also declared Ms Alice Tabete’s seat on the Board vacant due to her absence for three consecutive meetings without special leave of absence from the Directors’, he said.

 

Mr Storck added that ‘these new appointment will join new existing Directors, Ulaiyasi Baya and Isoa Kaloumaira as B-Class representatives on the Board. The Board has also formally accepted the resignation of Mr Isikeli Tuituku as a Director representing A-Class shareholders, who has joined ANZ Australia as part of the Pacific Division’.

 

The Board has also accepted Mr Sitiveni Welelakeba resignation and has appointed Mrs Sereana Qoro as the new Group Managing Director for Fijian Holdings Limited, effective immediately.

 

Mrs Qoro will be taking over the position of Group Managing Director from Mr Weleilakeba, who has been with Fijian Holdings for the past 24 years, and the Board graciously acknowledges his contribution during this period.

 

 Mr Weleilakeba however will continue as a Director representing A-Class shareholders’, Mr Storck said.

 

Mr Storck further added that Mrs Qoro has been seconded by Fijian Holdings Limited to Basic Industries Limited and Fiji Industries Limited for the past nine years and the Board feels confident that she has the capabilities and the appropriate experience from within the FHL Group to take the company to its next phase of growth.

 

Mr Storck added that the Board recognizes that FHL has left a legacy for the past 20 years and is now one of the largest companies in Fiji. The decision to recruit from within is a strategic one and has been part of the Fijian Holdings Group’s succession planning strategy. We certainly wish to thank those who have come before us for bringing the company this far. We would like to reassure our shareholders and investment partners that their interests remain our paramount focus as has always been’.

 

We take this opportunity to thank all of the outgoing Directors and the Chairman for their contribution and support’, he concluded.

 

 

For further queries, please contact the Company Secretary on 3305017.