New board director for FGV

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KUALA LUMPUR (Oct 1): FGV Holdings Bhd announced changes to its board of directors today, with the appointment of a new director to replace the board seat left by Datuk Ab Ghani Mohd Ali.

Ab Ghani, 60, has tendered his resignation as non-independent and non-executive director of the group effective immediately, after serving the group for 37 years.

In a filing with Bursa Malaysia, FGV said Datuk Dr Othman Omar, 59, has been appointed to the board of the group.

Othman was chief executive officer (CEO) of a listed company in Singapore — Oxley Holdings (Malaysia) Sdn Bhd — from March 2014 to May 2016. 

Prior to this, Othman served as general manager of Selangor State Development Corp (PKNS) for five years. 
 
Currently, he is a group executive chairman for KL Entrepreneurs Experience Sdn Bhd (KLEX) and other KLEX group subsidiaries, president of Empire Business Club, executive chairman of KLIX Academy Sdn Bhd and co-founder of a social and CSR online platform.

At 3pm, FGV shares were down one sen or 0.65% at RM1.54, with 1.17 million shares done, bringing a market capitalisation of RM5.58 billion.