Malaysia’s Felda Global Ventures Holdings Bhd, the world’s third-largest palm plantation operator, said it was replacing its CEO – a surprise move that comes after a failed controversial deal last year for it to buy into Indonesia’s Rajawali Group.
Current Chief Executive Mohd Emir Mavani Abdullah, who has been in the job for three years, will be succeeded in April by the head of its downstream operations, Zakaria Arshad, a Felda Group veteran of 32 years, the company said in a statement.
