No more Managing Director position at FHL

The remaining board members of Fijian Holdings Limited have now decided that the head of Fijian Holdings Limited should not have a post of Managing Director but be a Chief Executive Officer.

Newly appointed Acting FHL Chairman, Iowane Naiveli said this would mean that the CEO will not sit on the board compared to the previous practice.

He said the CEO would only report to the board.

Naiveli confirmed that the remaining board members held an urgent meeting late yesterday after they were informed that Chairman, Isoa Kaloumaira and Managing Director, Sereana Qoro had resigned.

Naiveli said anything in relation the FHL investigation is being handled by the Prime Minister=s Office and he cannot say anything on the issue.

The FHL Board informed the South Pacific Stock Exchange last night that they have accepted the resignations of Kaloumaira and Qoro.

The board has also elected Iowane Naiveli as Acting Chairman and Nouzab Fareed as Acting CEO.

We have tried to contact Kaloumaira and Qoro however we have been unsuccessful.

Fijivillage received confirmation earlier this week that the Prime Minister had intervened in relation to certain matters at FHL which included alleged double salary packages and unauthorised entitlements of $155,000 and a company car being authorised for an outgoing Manager.    


Story by: Vijay Narayan