# Notification of Changes in Management Bodies

> Under the Company's Statute, the Management Board is the executive body with key powers in managing ALKALOID AD Skopje. The Management Board works and…

Source: https://alkaloid.com.mk/notification-of-changes-in-management-bodies

Nov 20, 2022

  

Under the Company's Statute, the Management Board is the executive body with key powers in managing ALKALOID AD Skopje. The Management Board works and represents the company within its authority defined in the Company's Statute and legislation.

  

During the last term of office of ALKALOID AD Skopje's Management Board members, in 6 years, the company's total consolidated sales grew by €80 million - from €127.6 million in 2015 to €207.6 million in 2021. Investments in fixed assets in the same period exceeded €105 million. The net profit almost doubled - from €10.8 million in 2015 to €21.2 million in 2021, growing on average by 12% annually.

  

The above results brought a continuous growth of the shareholders’ return on investment in the form of dividends. From 2015 to 2021, the dividend increased on average by 12% per year, or from MKD 207 net per share in 2015 to MKD 396 in 2021.

  

Due to the expiration of the term of ALKALOID AD Skopje's Management Board members, the Supervisory Board passed a decision on the election of Management Board members.

  

The following persons were re-elected as ALKALOID AD Skopje’s Management Board members:

  

1\. Zhivko Mukaetov

2\. Milkica Gligorova

3\. Gjorgi Jovanov

4\. Kire Icev

5\. Viktor Stojchevski

  

The Management Board members shall serve for a period of six (6) years as of 21.11.2022.

  

The Management Board member Zhivko Mukaetov was appointed ALKALOID AD Skopje’s President of the Management Board.

  

The ALKALOID AD Skopje’s President of the Management Board represents the company in its relations with third parties, without limitation, and bears the title of Chief Executive Officer.

Oct 29, 2026[ALKALOID – Operating Results for the January – September 2026 period](https://alkaloid.com.mk/alkaloid-operating-results-for-the-january-september-2026-period)

* * *

Oct 28, 2026[ALKALOID BECOMES THE FIRST COMPANY IN MACEDONIA TO RECEIVE THE PRESTIGIOUS TOP EMPLOYER 2026 CERTIFICATION](https://alkaloid.com.mk/alkaloid-top-employer-2026)

* * *

Oct 8, 2026[ALKALOID MARKS ITS 23RD PARTICIPATION IN CPHI, THE WORLD’S LEADING PHARMACEUTICAL EVENT](https://alkaloid.com.mk/alkaloid-marks-its-23-rd-participation-in-cphi-the-world-s-leading-pharmaceutical-event)

* * *

Sep 22, 2026[MUKAETOV AT THE 25TH MACEDONIAN STOCK EXCHANGE CONFERENCE: SMALL MARKET, BIG OPPORTUNITY](https://alkaloid.com.mk/mukaetov-at-the-25th-macedonian-stock-exchange-conference)

* * *

Sep 21, 2026[FROM ATOP A FACTORY CHIMNEY TO AN ART INSTALLATION: THE STORY OF ALKALOID’S HISTORIC SIGN](https://alkaloid.com.mk/from-atop-a-factory-chimney-to-an-art-installation-the-story-of-alkaloid-s-historic-sign)

* * *