Fijian Holdings Limited has re-appointed Isikeli Tikoduadua as a Director of A Class shareholders.
Tikoduadua is filling the casual vacancy on the FHL Board which was created by the unresolved appointment of Yogesh Karan.
Group Chief Executive, Nouzab Fareed says Tikoduadua will fill the post until the next AGM in October.
He adds Article 80 of FHL’s Article of Association allows the Board of Directors to appoint a fit and proper person to fill a casual vacancy and shall hold office only until the next AGM and shall then be eligible for re-appointment.
Earlier, Minister for Itaukei Affairs Voreqe Bainimarama nominated Yogesh Karan as the Director to represent the B Class shareholders.
The B Class shareholders are owned by the Fijian Itaukei Trust Fund and the Itaukei Affairs Board and is not listed on the stock exchange.
A class shareholders consist of individual stockholders that are listed on the stock exchange.
Karan is the Permanent Secretary of the Office of the Prime Minister and the Sugar Industry.
