JSC Olainfarm will add senior level management with international experience in pharmacy. Lauris Macijevskis continues to work on the Board of JSC Olainfarm
Summary
The change of the Chairman of the Board is a planned strategic decision in the direction of development of JSC Olainfarm in order to facilitate the acquisition of new markets and increase the international competitiveness of the company. “My task was to initiate a major change in the company – to create a new internal culture with a horizontal management model and a balanced decision-making structure to take the development of JSC Olainfarm to the next level. The foundation for the change management process has been established and now it is time to act according to the plan - bring in an experienced pharmaceutical professional with an international perspective, to take over the position of the Chairman of the Board. As reported before JSC Olainfarm preliminary consolidated results for July 2019 indicate that revenues increased by 14% compared to the same month last year and reached 9.5 million euro. Products made by the Group are being exported to more than 60 countries of the world, including the Baltics, Russia, other CIS, Europe, Asia, North America and Australia.