Three top executives at FGV leave amid management shake-up


CIMB Research and Kenanga Research have said that the depressed crude palm oil (CPO) prices will continue to force the world

KUALA LUMPUR: Three top executives at palm oil producer FGV Holdings Bhd left the company at the end of August, in a management shake-up at the world’s largest crude palm oil producer, three sources familiar with the company operations said on Tuesday.

The departure of the senior executives, which has not yet been made public, comes as FGV investigates several of its business practices following ”adverse findings” from an earlier probe into its investments.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

E-commerce bolsters consumption
ACE Market-bound Farm Price aims to raise RM24.5mil from IPO
PCG to focus on advancing growth initiatives, strengthening operational performance
The bead generation
HSS Engineers declares 1.21 sen dividend on strong FY23 financial performance
Asian FX gain as dollar droops, stocks track Wall Street higher
I-Bhd announces RM100mil investment pledge from major shareholder
Heineken sells more beer in Q1, sticks to outlook
GFM Services to transfer to Main Market on April 26
MYEG, Zetrix and MaiCapital to explore launch of virtual asset funds

Others Also Read