The Falklands economic development agency appoints Josh Smith as managing director

The Falkland Islands Development Corporation (FIDC) announced the appointment of Josh Smith as its new managing director on Friday, subject to final relocation arrangements. Smith will succeed Zachary Franklin, who will conclude his tenure in December. The corporation did not specify when Smith will begin his new role and indicated the transition details will be announced soon.

Franklin joined FIDC as development manager in August 2018 after a 12-year career in the Asia-Pacific region. Smith has an international career spanning two decades, having held senior leadership positions in the UK Civil Service, Canada, Taiwan, and Saudi Arabia. He is credited with strong leadership, commercial experience, and strategic vision.

FIDC Chair Michael Poole expressed delight at Smith's appointment, highlighting his qualifications. Poole previously served in the Legislative Assembly from 2013 to 2017 and has been with the corporation since August 2018. The board also thanked Franklin for his contributions to guiding the organization during a crucial period. Smith expressed anticipation for working with the board, staff, government, businesses, and the wider community.

FIDC, established in 1984 and largely self-funding, provides loans and grants, promoting economic diversification, investment, and entrepreneurship across the archipelago. Recent activities include an AI pilot project, leading a business delegation at an international trade expo, expanding shipping links, and a feasibility study for a marina.

The handover occurs amid 60 administrative proceedings initiated by Argentina against ten companies and their directors over hydrocarbon exploration in waters near the archipelago, though none of the allegations have been proven. FIDC's statement does not address this ongoing situation.