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MEGA INTERVIEW
Zhivko Mukaetov President of the Management Board
and Chief Executive Officer of
Alkaloid AD Skopje
THE COMPANIES NEED
TO PAVE THEIR OWN
PATHWAY TO SUCCESS
This year Alkaloid celebrates its former management headed by Trajce
80th anniversary. When you look back Mukaetov initiated the compositional
in time, what have been the key turning plan to build a new modern facility for
points in the development of the com- production of drugs. The foundations of
pany? modern corporate governance in Alka-
loid were set in 1994 and the coopera-
Z. Mukaetov: Alkaloid began its oper- tion with the European Bank for Recon-
ations on August 15, 1936 as industrial struction and Development (EBRD) and
facility for production of pharmaceu- the International Finance Corporation
tical raw materials. The eight-time in- (IFC) was a solid basis for the most mas-
crease in the production only ten years sive investment cycle the company has
after the establishment of the factory pursued.
was the reason to treat it as a facil-
ity of national importance. In 1957 the The role of your father, Trajce Mu-
plant Galenika began the production of kaetov is essential for the development
ready-to-use medicines, based on alka- Alkaloid has accomplished. What is the
loid raw materials, among which was most important advice he gave to you
Caffetin. Putting into operation of the both regarding Alkaloid and in terms of
new pharmaceutical plant with an area providing general management advice?
of 7000 m², as well as the integration
of the plant Bilka, the plant for produc- Z. Mukaetov: The career of Trajce
tion of chemicals and photo-materials Mukaetov in Alkaloid started back in
Lafoma and the plant for soaps and cos- 1973, and already in 1985, when I was 11
metics Cvetan Dimov - were the key fac- years old, he was appointed the general
tors that made Alkaloid a well-known manager of the company. Practically,
and recognized industry within the Yu- in the period when all children define
goslav community in the 70s of the last the desire for their future profession, I
century. lived with Alkaloid. In 1998 I completed
my graduate studies in marketing and
The outline of modern Alkaloid was management in London, and already
defined in the late eighties when the
October 2016 17
