Acting Felda Global Ventures Holdings Bhd (FGVH) chairman Tan Sri Dr Sulaiman Mahbob (pic) has brushed off calls for his resignation by a group calling itself Suara Generasi ke-2 Felda as “highly misplaced” and vows to execute the tasks mandated to him by the government to turn around the financial performance of the company.
In an interview with Bernama yesterday, he said his key tasks, since being appointed acting chairman to replace Tan Sri Mohd Isa Samad on June 19, were to restore investor confidence in FGVH as a public-listed company whose largest shareholders are the Federal Land Development Authority (Felda) as well as the settlers themselves.
Datuk Zulkefli Nordin, the advisor of the group representing the second-generation Felda settlers on Monday called on Sulaiman and the board of directors to resign to remove doubts about their integrity in running FGVH, one of the world’s largest palm oil producers.
Zulkefli said FGVH’s problems were seen to be caused by the board’s interference in administering FGVH and some second-generation settlers were worried that FGVH’s problems would be blamed on suspended FGVH president Datuk Zakaria Arshad.
In rebutting the allegations, Sulaiman said: “FGVH must act accordingly and everything must be done to protect shareholders’ interests and all such allegations won’t distract me or derail our plans.”
On June 6, several senior FGVH executives were instructed to go on leave following a boardroom tussle between Mohd Isa and Zakaria triggered by a delayed payment for a palm oil transaction by Afghan company Safitex Trading LLC to FGVH subsidiary Delima Oil Products Sdn Bhd.