Volodymyr Kostiuk elected as Executive Director of Farmak JSC

On 25 July 2018, at the meeting of the Supervisory Board of Farmak JSC, Volodymyr Kostiuk was elected for the post of Executive Director.

“Farmak is continuously developing. Ongoing improvement of manufacturing and management processes, implementation of innovation and consistently high quality of products have always been and remain the priority for the Company and our main competitive advantage. My principal task as the leader is to increase business efficiency and strengthen Farmak's presence in foreign markets. The Company's strategy remains unchanged: to increase the share of exports, while retaining its leadership positions in Ukraine. Due to innovation, high quality of our products and talents, we are confidently making our way to achieving our goal, while setting even more ambitious tasks”, said Volodymyr Kostiuk, Executive Director, Farmak JSC.

Volodymyr Kostiuk has worked in Farmak JSC since 2008 holding various posts: Assistant General Director, Head of Workshop No. 3 of the Manufacturing Department of the Chief Operations Officer’s Unit, as well as Chief Operations Officer of the Company. Since 17 March 2017, he has held the post of acting Executive Director of Farmak JSC.

Volodymyr Kostiuk worked on establishing contacts with foreign partners, developing international cooperation of the pharmaceutical company. He participated in the organization of clinical studies of drugs produced by Farmak JSC in Europe, Canada, and the USA; led the team responsible for the operation of the business automation system, SAP ERP. He was also responsible for the development and implementation of the Company's manufacturing operations strategy.

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