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Companies & Markets

Malaysia's Felda Global Ventures says CEO Emir Mavani to stay

Published Fri, Mar 11, 2016 · 01:51 AM
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[KUALA LUMPUR] Malaysian palm plantation operator Felda Global Ventures Holdings Bhd said on Friday Mohd Emir Mavani Abdullah will continue to serve as its chief executive officer and president, after local media reported that he may be replaced next month.

According to The Star newspaper, Emir, who has served as CEO for three years, is expected to be replaced by Zakaria Arshad, the head of the company's downstream operations. "Regarding on news reported by The Star today, Felda Global Ventures Holdings Berhad (FGV) emphasise that Mohd Emir Mavani Abdullah will continue to serve as the president and Chief Executive Officer," FGV said in a statement.

REUTERS

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