Thursday 25 Apr 2024
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This article first appeared in The Edge Financial Daily on August 15, 2018

KUALA LUMPUR: TH Plantations Bhd said its chief executive officer (CEO) cum executive director Datuk Seri Zainal Azwar Zainal Aminuddin had been given garden leave from yesterday until further notice.

“During his absence, Mohamed Azman Shah Ishak, the chief financial officer (CFO) of TH Plantations, who is also a principal officer, will assume day-to-day management of TH Plantations and its subsidiaries,” the group said in a stock exchange filing.

TH Plantations did not say why Zainal Azwar is on garden leave.

Azman Shah, 51, is a chartered accountant with an accountancy degree from University Pertanian Malaysia.

He started his career as an audit executive of Island & Peninsular Bhd in 1989, before joining several other companies and later became the CFO of the plantation group in 2010, the filing said.

Shares in TH Plantations closed unchanged at 71.5 sen yesterday, giving the group a market capitalisation of RM623.05 million.

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