Ilija Pješčić Appointed Acting Director of Luka Bar

The Board of Directors of Luka Bar AD has appointed Ilija Pješčić as the acting Executive Director following the completion of the previous director’s four-year term. This decision complies fully with applicable laws, as announced by the company. Pješčić, a qualified lawyer, has successfully led the company over the past four years, navigating through challenging and unpredictable business environments.

In a statement, Luka Bar AD highlighted the company’s upcoming activities to align its organization, statute, governing bodies, and other documents with the new Company Law, which comes into effect on January 1, 2026. All legal provisions will be implemented in accordance with the established deadlines.

The appointment of Pješčić ensures the continuity of successful and positive operations for Luka Bar AD. The company will maintain its commitment to fulfilling obligations to the state and employees, as well as continuing ongoing investment cycles and the realization of contractual business arrangements.

The Board of Directors and executive management have pledged to lead the largest company in Bar with the utmost responsibility and dedication. They expressed confidence in delivering another successful business year, continuing the positive trajectory established under Pješčić’s leadership.

This transition marks a significant moment for Luka Bar AD, as it prepares to adapt to new legal frameworks while maintaining operational stability. The company remains focused on its strategic objectives and the enhancement of its business performance in Montenegro’s evolving economic landscape.