The Fiji Hardwood Corporation Limited has made some changes to the leadership of the company to modernise the Mahogany industry, introduce transparency and make it profitable.
In a government statement, these actions follow recent reviews of the reports and plans submitted by the Forestland Group, the international forestry management consultancy company engaged by the FHCL board to assist with the restructure of the organisation.
The board has terminated the employment of Acting Chief Executive Officer Simione Sigaca, Acting Chief Financial Officer Mohammed Rafiq and Personnel Officer Netani Koto.
The board will shortly be seeking a new senior management team that will be able to implement a new vision for the company and lead employees to achieve that vision.
Earlier this month some Fiji Hardwood Corporation Limited workers who are allegedly involved in the $24,000 theft are still been interviewed by Police.
Fiji Hardwood Corporation revealed that cash and equipment have been allegedly stolen from the Waivunu Sawmill in Serua and the Na vutu Manufacturing site in Lautoka in the past years.
A significant amount of timber has also been allegedly stolen
from these sites.
The loss recorded in the past years costing massive amounts of taxpayers' money has resulted in the suspension of the two operations.
Meanwhile, FHCL has accumulated more than $18 million of government guaranteed loans and also received more than $25 million grants from 1998 until 2006.
Story by: Watisoni Butabua
