Thursday 28 Mar 2024
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KUALA LUMPUR (Oct 24): FGV Holdings Bhd has appointed its chairman Datuk Wira Azhar Abdul Hamid as its interim chief executive officer, succeeding Datuk Zakaria Arshad who resigned on Sept 18 after being suspended from his job by golden shareholder Ministry of Finance Inc (MoF Inc).

In a filing with Bursa Malaysia today, FGV said Azhar’s appointment has been concurred by MoF Inc.

“The Special Board Committee 2, which took over the responsibilities to perform the functions of the group president and CEO since Sept 18, 2018 is hereby disbanded,” FGV said, adding Azhar’s current role as chairman remains unchanged.

FGV’s share price gained three sen or 2.19% to close at RM1.40 today, giving it a market capitalisation of RM5.11 billion.

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