The Board of Fiji Pine Ltd (FPL) has announced the extension of Ratu Rakuita Vakalalabure’s contract as executive chairman, now set to conclude in 2026. This decision highlights Ratu Rakuita’s notable accomplishments over the past year, during which he led significant strategic and operational reforms within the pine industry.
In a statement, Fiji Pine emphasized that extending his contract will facilitate the comprehensive implementation of pine industry reforms aimed at enhancing growth, boosting operational efficiency, ensuring fair returns for shareholders, and contributing to the nation’s economic development. Furthermore, Ratu Rakuita will be responsible for appointing a new chief executive officer at the conclusion of his extended tenure.
This contract extension reflects confidence in Ratu Rakuita’s leadership and vision for the future of the pine industry, paving the way for continued progress and sustainability.
In summary, Fiji Pine Ltd’s decision to extend Ratu Rakuita’s contract is a promising move that underscores the company’s commitment to innovative reforms and economic growth. It offers a hopeful outlook for the industry and its stakeholders as they look forward to implementing new strategies under his leadership.
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