Felda Global Ventures Holdings Bhd (FGV) chairman Datuk Wira Azhar Abdul Hamid (centre) shaking hands with FELDA acting director-general Ab Ghani Mohd Ali (right) while on the left is the officer-in-charge Datuk Khairil Anuar Aziz as he arrives at Menara Felda on his first day of work. - BERNAMA
KUALA LUMPUR: The appointment of Datuk Wira Azhar Abdul Hamid as the chairman of Felda Global Ventures Holdings Bhd has received strong support from group president and CEO Datuk Zakaria Arshad.
Zakaria, who has been on leave of absence since June 2017 and is expected to know his fate by this week says Azhar's appointment "will bring in a fresh and positive perspective to the FGV Board of Directors and management which currently is facing a perception crisis".
"I am also convinced that the recent positive momentum on FGV share price seen late last week will continue as market is confident that Datuk Wira Azhar and FGV management has the ability to steer the Company back on the right track," he said.
"It is my hope that this positive development will inject renewed spirits to the Group and employees, to maximise returns to stakeholders and shareholders especially Felda and the Setllers / Peneroka."
Zakaria, along with three other members of senior management, was suspended three months ago pending a domestic investigation on purported wrongdoing in business dealings between subsidiary Delima Oil Products Sdn Bhd and long-term business partner Afghan-based Safitex Trading LLC.
At 11.15 on Monday, FGV was trading seven sen or 4.27% higher at RM1.71 on turnover of 14.3 million shares.
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