FGV chairman, Datuk Wira Azhar Abdul Hamid said FGV would be able to work with DCE to grow beyond China and to support its plans to accelerate the process of delivering physical palm oil to buyers.
KUALA LUMPUR: FGV Holdings Bhd
is targeting to finalise the appointment of its chief executive officer by end-January next year.
Its chairman and interim CEO Datuk Wira Azhar Abdul Hamid said there are now down to two candidates for the top post.
“I will withdraw from my position as the interim CEO of FGV when we make the selection and will remain as non-executive chairman of the group,” he told reporters at it third quarter result briefing on Wednesday.
He, however, declined to name the candidates.
Azhar said the appointment of the group’s chief financial officer will also take place in January.
The CEO position in FGV was left vacant after Datuk Zakaria Arshad resigned on Sept 18, following his suspension on Sept 13.
Following that, FGV said the company has a list of 11 names in the running for the top post.
On October 24, Azhar was appointed as the interim CEO of the company until a new CEO is found.
Meanwhile, FGV posted net losses of RM849.25mil in the third quarter ended Sept 30, 2018,due to impairments totalling RM788mil, muchg of it was from the Asian Plantation Ltd (APL).
FGV said the net losses were in contrast with the net profit of RM41.52mil a year ago.
Its loss before zakat and tax (LZBT) of RM911mil for Q3 included impairment amounting to RM788mil.
FGV recorded a revenue of RM3.19bil compared to RM4.14bil a year ago.
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