KUALA LUMPUR (Oct 9): Felda Global Ventures Holdings Bhd (FGV) today announced that Datuk Zakaria Arshad has been reinstated as its group president and chief executive officer (Group PCEO) effective Oct 16. "After taking into consideration the ongoing FGV transformation programme and the Group PCEO's commitment and assurance to resolve the long outstanding debt of Safitex Trading LLC, the special shareholder would like Datuk Zakaria to return as the Group PCEO of FGV," the group said in a filing to Bursa Malaysia. The three others were group financial officer Ahmad Tifli Mohd Talha and the heads of two FGV subsidiaries: Delima Oil senior general manager Kamarzaman Abd Karim and FGV Trading Sdn Bhd CEO Ahmad Salman Omar. The trio had returned to FGV and resumed their duties on Oct 4. Separately, FGV chairman Datuk Wira Azhar Abdul Hamid today reiterated his commitment to turn around the group and bring it to greater heights despite the various challenges faced at this point in time.

Source: The Edge Markets October 09, 2017 10:30 UTC