Fijian Holdings Limited (FHL) officially welcomed their new Group chief executive officer Jaoji Koroi yesterday,

FHL acting chairman Yogesh Karan said the board had decided Mr Koroi was the best person to run the affairs of Fijian Holdings Limited.

“He has joined at a time that he was needed most in the company,” he said.

“We are very confident that given his experience, he will steer the entire group into his cause and we hope to see say better levels of interest from the stakeholders and also the output of this very important organisation.”

Mr Karan added, “The board is looking forward to working with Mr Koroi and is confident that during this challenging time, Mr Koroi will be able to deliver outstanding long term business goals, growth and sustainability.’

The newly appointed group chief executive officer, Mr Koroi highlighted some challenges FHL needed to be addressed.

“Looking at this financial year ending June, we need to focus on restoring stakeholder confidence, and also trying to put together a sustainable growth path for the group,” he said.

“We need to certainly work closely with the key stakeholders, including the board in addressing some of the key issues.

“We also need to get the right people.”

He said there was a need to fix some issues pertaining the subsidiaries and look for some quick wins within the next 120 days.

“Some of the subsidiaries will need to be worked out in terms of performance.”

Mr Koroi was the former chief executive officer of Fiji National Provident Fund (FNPF) and has held various positions within the Fund since he joined in 2009.

He started his career with the Reserve Bank of Fiji; and was a former executive of Fijian Holdings Limited and an executive director for the RB Patel Group.

With his pool of knowledge and experience in the commercial sector, the Board is confident that he will bring to the Company a demonstrated track record of strategic and operational leadership.

Feedback: maraia.vula@fijisun.com.fj