IN MEMORIAM

Trajce Mukaetov

On 29th March 2007, with great sorrow, we departed from our Management Board President, Trajce Mukaetov, the man who dedicated all his life, whole 34 years of his being to Alkaloid. The man who raised Alkaloid to a range of renomed pharmaceutical industry, Alkaloid as it is today.

He was born on 20th September 1945. His career commenced after the graduation from the Electro-technical Faculty in Belgrade as B.S. Specialist in organization of processes and informatics when he was assigned as first director of the Macedonian State Office of Informatics.

He continued his career in Alkaloid, where in 1974 he formed the Computer Centre of this Company, which was declared to be the leading computer centre in Macedonia, under his governance.

As of 1985, Trajce Mukaetov performed the function of CEO (Chief Executive Officer) of Alkaloid AD Skopje. This period is marked by the major investment cycle of the Company, as well as its ownership transformation within the system reforms of the state. Albeit the radical
changes, Alkaloid remained one of the few companies in the state that managed to maintain the positive trend of growth and development and even improve the operation performances.

As great strategist and visionary, in 1996, he initiated the construction of the new pharmaceutical facilities, equipped with new automatic production lines and increased production capacity. During this period, Alkaloid's cooperation with the European Bank for Reconstruction and Development and the International Finance Corporation was traced, then for the first time, a Macedonian company was granted a loan without an escrow given on behalf of the state.

Intensification of growth, expansion and development of Alkaloid into leading pharmaceutical company in the region is the benchmark of the managing mandate of Trajce Mukaetov. His contribution in the development and the affirmation of Alkaloid, defining of the business
strategy and long-term policy of the Company continued from the position of President of the Management Board in the course of the last year of his career.

His charisma, visionarism and immense efforts greatly contributed the Macedonian economy. Trajce Mukaetov was awarded many acknowledgments for his achievements. He was member of the managing boards of various eminent organizations in the healthcare sphere, the pharmacy and the sports. He was awarded with Manager of the Republic of Macedonia in 1993 and Manager of the Decade for the period from year1985 to year 1995.

His biography according to all criteria was undoubtedly the main reason for the granting of the title Consul General for the Kingdom of Denmark in Macedonia, honour and trust given only to extraordinary persons.

In the sphere of diplomacy, he invested great efforts for intensification of the cooperation between Macedonia and the Kingdom of Denmark. His merits in this sphere were awarded with the medal Knight of the Order of the Danish Flag, granted by the Queen Margarethe II of
Denmark for exceptional achievements.

For the employees of Alkaloid, he was an example of sacrifice, diligence and honesty and shall remain in the remembrance as man of high professionalism and preparedness for immense support for his colleagues and all employees of Alkaloid.

Trajce Mukaetov dearly loved his country, Alkaloid and his family. It was our immense pleasure and great honour to have been his collaborators.