KUALA LUMPUR: The chief executive of Malaysian palm oil giant FGV Holdings, Fakhrunniam Othman, has resigned from the company, he told Reuters on Thursday, confirming media reports. Two company sources told Reuters that the management dynamics at the company shifted significantly after FGV was delisted, with its board taking a more hands-on role in day-to-day operations. Contracts up for renewal for several members of the leadership team have not been extended, with the FGV board changing its priorities. In the absence of a CEO, the board has assumed executive responsibilities for the company's operations through a three-member committee, the sources said. In 2020, accusations that FGV used forced labour on its plantations also led the United States to ban imports of the company's products.

Source: The Star March 05, 2026 18:19 UTC