Firm announces major reshuffle

i-Taukei investment company Fijian Holdings Limited (FHL) has announced key leadership changes across its subsidiaries with five new appointments in support of its Group strategy and leadership development plans.

Josua Satavu – chief executive officer, Pacific Cement Ltd

The former FHL Group manager Investment was seconded and appointed as the chief executive officer of Pacific Cement Limited (PCL) on February 1 this year. Mr Satavu had led the FHL investment department to build the Impact Investment portfolio, co-design the group investment strategies and lead the merger and acquisitions projects. In his new role, he will lead the redesign of PCL’s strategy and steer the business through a transformation journey as it constructs its new cement manufacturing plant this year and expected to be fully operation in 2027.

Naushad Ali – chief executive officer, Basic Industries Ltd

The former Business manager of Fulton Hogan Hiways was appointed chief executive officer of Basic Industries Limited (BIL) effective January 1 this year. He brings 15 years of executive leadership, and includes roles such as deputy chairperson – Fiji Airports Ltd, chairman Biosecurity Authority of Fiji and most recently as chief financial officer and company secretary for Golden Manufacturing Ltd Group.

In his new role, Mr Ali will lead the reset of the BIL strategy with the management and board, and guide the business as it transforms and grows Humes, Standard Concrete and the review of all BIL business units.

Angela Waradi – Group head of Projects & Development, FHL

Ms Waradi joined FHL in December last year and comes with more than 17 years of experience in civil, structural and industrial engineering across and the Pacific Islands. Prior to joining FHL, she was the senior manager Strategic Engineering at Fiji Water and had worked as project manager and senior engineer with leading engineering firms NRW and Kramer Ausenco.

According to FHL, Ms Waradi’s role and portfolio are both new to the FHL Group and setting up the group’s projects strategy, leading business partnership services with the FHL subsidiaries, advising and serving subsidiary project board and building new technical capabilities within the Group.

Sidhant Sharma – Group chief financial officer, FHL

Mr Sharma was appointed Group chief financial officer effective March 1 this year. He has been with FHL since 2019 and acted in the role last year. FHL stated Mr Sharma had contributed in FHL’s wholesale corporate bond, due diligence in Group merger and acquisitions, split banking projects and ongoing review of the Group’s financial capabilities. He has held various finance and investment roles, most recently as Group finance manager, and at present serves as board director for FHL subsidiaries and impact investments.

Tevita Tuiloa – Group head of Investment, FHL

Mr Tuiloa is the new Group head of Investments effective March 1. He concludes his term as acting general of FHL Properties Ltd (FHLP). As part of the Leadership Development Plans within the Group, Mr Tuiloa has delivered key strategic priorities, which includes the completion and opening of FHL Tower, acquisition of Port Denarau Marina Ltd, and as a board director of RB Patel – the listing of corporate bonds, FHL Impact Investment and the review of FHL operations. His new role will include growing FHL’s investment portfolio, co-define the new strategic directions for the Group, and continue to build the Group investment capabilities.

FHL chairman Rokoseru Nabalarua said the new appointments strengthened its group strategic plan and leadership capability and support the execution of Group’s strategy.

“We remain focused on disciplined governance, sustainable growth and delivering value to our shareholders,” Mr Nabalarua said.