KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has set up a Board Executive Committee to take over the duties of group president and chief executive officer Datuk Zakaria Arshad, effective immediately.
FGV today also announced that Zakaria and group chief financial officer Ahmad Tifli Mohd Talha have been given a leave of absence, also effective immediately.
“FGV wishes to inform that the group president/chief executive officer and group chief financial officer have been given leave of absence commencing from June 6, 2017 pending investigations of certain transactions under Delima Oil Products Sdn Bhd, a subsidiary of FGV,” the group said in a filing to Bursa Malaysia.
FGV said the Board Executive Committee, comprising two group directors, Datuk Dr Omar Salim and Datuk Mohd Zafer Mohd Hashim, as well as head of logistics cluster Azman Ahmad, will assume Zakaria’s duties.
It also appointed group financial controller (plantation sector) Aznur Kama Azmir as interim group CFO.