New FGV chairman to hold first meeting on Monday

Wira-Azhar-fgv1KUALA LUMPUR: The first thing that the newly appointed chairman of Felda Global Ventures Holdings Bhd (FGV), Azhar Abdul Hamid, will do when he walks into his office this Monday is to hold a meeting with board members and key management.

Speaking to Bernama today, he said he would do his level best to turn around FGV while adding value to the global agricultural and agri-commodities company.

“The first thing to do is to restore confidence in the company and also to make sure that everything is done the right way…so, if there are any grey areas we need to sort it out.

“And I also want to make sure that we resolve the issue related to the Chief Executive Officer (CEO) as quickly as possible,” he said.

Azhar thanked Prime Minister Najib Razak for the appointment and gave his assurance that FGV would be able to deliver on all its promises to its stakeholders under his leadership.

Yesterday, the prime minister announced the appointment of Azhar who will be taking over from FGV acting chairman, Sulaiman Mahbob, who is also a non-executive director of the company.

In the statement, Najib said he was confident Azhar, with his vast experience, would effectively helm FGV, and at the same time, enhance investor confidence, translating into a stronger share price for the company.

Meanwhile, Azhar was asked to clear the air, following the Bursa Malaysia announcement later in the evening that FGV did not receive a notification in writing from the Minister of Finance (Incorporated) appointing him as FGV chairman.

Replying to this, he said the issue would be resolved by Monday morning.

Prior to this, Azhar was managing director of Malakoff Corporation Bhd and served as CEO of Mass Rapid Transit Corporation Sdn Bhd.

He gained experience in the plantation line when with Sime Darby as its executive vice president of Plantations and Agribusiness Division and was its acting president and chief executive from May 2010 to June 2010.

“I have led a few public listed companies, but plantations have been an area I am passionate about.

“So, I look forward to meeting the challenge as I am passionate about turning around and adding value to an organisation,” Azhar added.