The Board of Fiji Pine Ltd (FPL) has announced the extension of Ratu Rakuita Vakalalabure’s contract as executive chairman, which will now run until 2026. This decision comes in recognition of Ratu Rakuita’s impactful leadership over the past year, during which he has led significant strategic and operational reforms within the pine industry.
Fiji Pine’s statement highlighted that maintaining Ratu Rakuita in this role is essential for the successful implementation of these reforms. The company aims to enhance the growth of the pine industry, improve operational efficiency, provide equitable returns for shareholders, and contribute to the broader economic development of Fiji. Additionally, Ratu Rakuita will be involved in the selection of a new chief executive officer upon the conclusion of his contract extension.
This contract extension reflects the confidence the Board has in Ratu Rakuita’s vision for the company and the positive direction in which he is steering the pine industry. As the reforms take shape, they are poised to benefit not just the company but also the broader economic landscape of Fiji, fostering growth and sustainability.
Overall, this decision shows a commitment to progress and stability within Fiji’s critical forestry sector, suggesting a promising future for both the company and its stakeholders.
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