TH Plantations CEO quits after a week on garden leave

This article first appeared in The Edge Financial Daily, on August 21, 2018.
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KUALA LUMPUR: TH Plantations Bhd chief executive officer (CEO) and executive director Datuk Seri Zainal Azwar Zainal Aminuddin has resigned from the group, just one week after being asked to go on garden leave.

In a filing with Bursa Malaysia yesterday, TH Plantations said Zainal Azwar, 60, had voluntarily resigned, effective immediately.

On Aug 14, TH Plantations announced that Zainal Azwar had been given garden leave until further notice. Its chief financial officer Mohamed Azman Shah Ishak has assumed the day-to-day management of the group and its subsidiaries.

According to TH Plantations’ Annual Report 2017, Zainal Azwar joined the group as a senior agronomist in 1998 and was subsequently appointed the head of operations (overseas) in 2003, holding the position until January 2009.

Prior to his appointment as the group’s CEO in July 2009, he was the deputy managing director from February 2007 to June 2009. He is currently the chairman of CCM Fertilizers Sdn Bhd.

Separately, the group has appointed two independent and non-executive directors, namely Datuk Mohd Shukri Hussin and Nik Mohd Hasyudeen Yusoff.