Monday, July 21, 2008

Differences ‘led to Bovoro sacking’

Differences ‘led to Bovoro sacking’
21 JUL 2008

The Fiji Development Bank has revealed that it terminated the services of former chief executive Tukana Bovoro last week because of “irreconcilable differences over management philosophy” with the board.

FDB’s executive chairman Taito Waradi confirmed the termination today while announcing a reorganisation of its senior management and a reduction in the number of general managers from six to four.

Waradi takes over the executive functions of chief executive after Bovoro’s sacking, until a new CEO is named.

Other appointments announced today include Umarji Musa as the new general manager operations. He was previously GM Corporate Business Services.

Ratu Deve Toganivalu, the GM Agriculture and Development Finance, is the new general manager Business and Risk Services.

Lasantha Thennakoon is the new general manager Finance and Administration. He was previously GM Financial Operations.

Waradi also announced the creation of a general manager North “in response to the need for greater business development in the Northern Division and better contact and communication with the community”.

On Bovoro’s termination, Waradi said the former CEO had been given ample time to respond to the board’s concerns before it took action.

He added that the position had been advertised and an appointment was expected in the next month or two.

Bovoro’s removal to suit political agenda: SDL - 7/20/2008


The termination of Fiji Development Bank chief executive officer Tukana Bovoro has been seen as a waste of experience and qualification.

Soqosoqo Dauvata Ni Lewenivanua Party national director Peceli Kinivuwai said the interim government seemed to be bent on the removal of young Fijian executives with a wealth of experience just to meet their political agenda.

“It is such a shame that people of such calibre and experience are being removed from their posts,” he said.

“This kind of circumstances would lead to questions such as, is attaining qualifications for the job worth it?”

He sympathised with Mr Bovoro and his family and said it was a most unfortunate thing when suitable and qualified executives were fired from their jobs just for some to meet their political agendas.

Mr Bovoro was given his termination letter last Friday and was informed it was effective there and then.

He said no reasons were given for the termination of his contract.

He has sought legal advice on the matter and hasn’t ruled out the possibility of legal action against the bank’s executive board which terminated his contract.

Mr Bovoro was sent on leave about a month ago and board chairman Taito Waradi gave no clear reasons for this.

Efforts to get a comment from him yesterday were unsuccessful.

It is believed that certain suggestions made by Mr Bovoro on the restructure of the bank’s operation were not received well by the board and could have lead to his sacking.

Mr Bovoro referred all queries on the matter to the board and said they were in a better position to comment on the issue as they sacked him.

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