MSM confident of sustainabe growth, new CEO soon

KUALA LUMPUR: Malaysia's largest refined sugar producer, MSM Malaysia Holdings Bhd (MSM), is well positioned to achieve sustainable growth in the future, says director Datuk Zakaria Arshad.

The outlook for MSM is very bright and its business as usual as the former Group Chief Executive Officer Datuk Sheikh Awab Sheikh Abod had laid the strategies and built a strong team.

Sheikh Awab, 56, who passed away on April 14, 2016, had helmed the biggest sugar producing company in the country since Jan 1, 2014 and was integral to the stellar performance of MSM in the past two years. 

"During his time, we already built a very strong team at MSM. "We don't foresee any major problem in continuing our business and we are very confident that MSM can achieve the target set for the 2016 financial year.

"A candidate for CEO has already been identified and will be announced by  chairman Tan Sri Mohd Isa Abdul Samad very soon," Zakaria, who is also Felda Global Ventures Holdings Bhd (FGV) CEO told a press conference after the company's annual general meeting.

FGV holds a 51% stake in MSM. - Bernama