KUALA LUMPUR: Palm oil producer FGV Holdings Bhd has appointed Mohd Hairul Abdul Hamid as its chief financial officer, it said in a bourse filing today, following a management shake-up that saw the departure of key executives last year.
FGV Holdings, the world’s largest crude palm oil producer, changed its top management amid investigations into its business practices last year.
Its former CEO stepped down in September following his suspension in the wake of an internal investigation. The previous chief financial officer resigned in October.
FGV began its internal investigation last year following “adverse findings” from an earlier probe into its investments.
The company has been plagued by allegations of poor management, and has seen its share price decline by more than 80% since its listing in 2012.