KUALA LUMPUR, March 6 — The appointment of a new FGV Holdings Bhd chief executive officer (CEO) will involve professional candidates to fill the vacancy following the resignation of Fakhrunniam Othman, said Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi.

He said a replacement must be made promptly to avoid a prolonged leadership gap.

“As far as possible, when a vacancy occurs, a replacement should be made promptly so there is no long gap in leadership. However, we must proceed carefully as FGV needs to be restructured and refocused on established and emerging markets,” Ahmad Zahid told reporters after meeting the top management of the Federal Land Development Authority (Felda) here today.

Yesterday, it was reported that Fakhrunniam had confirmed his resignation from the Malaysian palm oil company, but he did not elaborate on his reasons for stepping down.

The government had earlier said Felda plans to restructure FGV and restore its original mission of prioritising the interests of smallholders, known in Malaysia as Felda settlers. — Bernama

 Malay Mail – Malaysia