Ilija Pješčić Appointed Interim CEO of Luka Bar Amid Transition

The Board of Directors of Luka Bar AD has appointed Ilija Pješčić as the interim Chief Executive Officer following the completion of a four-year term of the previous executive director. The announcement was made public by the company, which operates in Montenegro’s maritime sector. Pješčić, a qualified lawyer, has previously held this position for the past four years, successfully steering the company through challenging and unpredictable business conditions.

In the coming months, Luka Bar AD will undertake significant organizational changes to align its structure and statutory documents with the new Company Law, which will take effect on January 1, 2026. The company has committed to ensuring that all legal provisions are implemented within the stipulated timeframes, demonstrating its dedication to regulatory compliance.

Pješčić’s return as the interim executive director aims to maintain the continuity of successful operations and ensure timely fulfillment of all obligations to the state and employees. The board emphasized the importance of continuing ongoing investment cycles and the realization of contracted business arrangements.

The announcement reassures stakeholders that the company will be managed with the utmost responsibility and dedication. Alongside the board of directors, Pješčić will lead Luka Bar AD into another fiscal year, aiming for a successful conclusion to the current business cycle. The company remains focused on its growth strategy while navigating the evolving financial landscape in Montenegro.