KUALA LUMPUR: FGV Holdings Bhd, formerly known as the Felda Global Ventures Holdings Bhd, has appointed former Bursa Malaysia Bhd chief executive officer (CEO) Datuk Yusli Mohamed Yusoff and Datin Hoi Lai Ping to its board.
FGV has also redesignated Datuk Yahaya Abd Jabar as an independent non-executive director from senior independent non-executive director.
“Pursuant to the redesignation of Datuk Yahaya Abd Jabar to be independent non-executive director, he shall relinquish his position from chairman of nomination and remuneration committee to member of nomination and remuneration committee,” FGV, said in a filing with Bursa Malaysia, yesterday.
FGV has also appointed Yusli as chairman of the nomination and remuneration committee.
Further, Yahaya has also resigned from the board’s audit committee, and his seat was replaced by Hoi, a chartered accountant and graduate from Monash University in Australia.
Currently, Hoi is a director of Zurich Life Insurance Malaysia Bhd.
The appointments of Yusli and Hoi came after FGV announced it is embarking on an initiative to strengthen its board, drawing from specialists in the plantation industry, corporate governance and turnaround management.
Earlier this week, FGV chairman Datuk Wira Azhar Abdul Hamid said the group had, for the past year, been investigating some board members and management staff, both former and existing on possible wrongdoings.
FGV will soon announce its internal audit results, following advice of its lawyers on ways to recover losses from wrongdoings of these people.