TDM says CEO Zainal Abidin resigned over disagreement with chairman

KUALA LUMPUR: Plantation firm TDM Bhd said chief executive officer Zainal Abidin Shariff has resigned, citing disagreement with his chairman over issues involving the company's palm oil trading activities.

Zainal tendered his resignation letter on Thursday with immediate effect, the company told Bursa Malaysia in a filing today.

The company cited "disagreement with the Chairman of the Company over trade contract issues, practices and queries involving its subsidiary's palm oil trading activities," as the cause of his departure.

"The Company has on Nov 27 accepted Zainal Abidin's letter of resignation as Group CEO of the Company dated Nov 26," TDM said.

The company said it will appoint an interim candidate as a successor to the post.

"The Board is currently taking the appropriate action to find a suitable interim candidate to take over the duties, roles and responsibilities of the Group CEO of the Company and will make the appropriate announcement in due course," it said.