Ilija Pješčić Appointed Interim CEO of Luka Bar Port Authority

The Board of Directors of Luka Bar AD has appointed Ilija Pješčić as the interim Chief Executive Officer following the expiration of the previous executive director’s four-year term. This decision aligns with legal requirements and aims to ensure continuity in leadership during a critical period for the company.

Pješčić, a law graduate, has successfully led the company for the past four years. His tenure has been marked by navigating challenging and unpredictable business conditions, demonstrating resilience and adaptability in his leadership style. The announcement from Luka Bar highlighted the importance of maintaining strong leadership as the company prepares for upcoming changes in accordance with Montenegro’s new Company Law, which takes effect on January 1, 2026.

Future Plans and Strategic Goals

In a statement, Luka Bar emphasized that the appointment of Pješčić would help sustain the company’s positive business trajectory. The organization plans to align its structure, statutes, and governing bodies with the new legal framework, ensuring compliance with all statutory deadlines.

The board expressed confidence in Pješčić’s capabilities to oversee the continued success of the company. They noted that his leadership would facilitate ongoing investments and the fulfilment of contractual obligations, ensuring that the company remains committed to meeting all responsibilities to the state and its employees.

Additionally, the board affirmed its commitment to operating with the utmost responsibility and dedication. They believe that under Pješčić’s interim leadership, Luka Bar will successfully conclude another business year, reinforcing its status as a leading port authority in Montenegro.

As the company moves forward, it aims to maintain its momentum and address the challenges ahead with strategic foresight and effective management. The board and executive management are poised to demonstrate their unwavering commitment to achieving long-term goals and fostering a culture of accountability and excellence within the organization.