JOHOR BAHRU — January 7, 2017: The Federal Land Development Authority (Felda), operator of some of the world’s biggest palm oil plantations, will undergo a major management reshuffle and changes to its board in a bid to return the organisation to glory, dignity and prestige.
The changes are deemed necessary by its new chairman, former minister Tan Sri Shahrir Samad, who replaces Tan Sri Mohd. Isa Abdul Samad, whose term ended last December 31, to kick off a new beginning to add value to the agency.
Isa remains chairman of Felda Global Venture Berhad (FGV).
Shahrir, an economist by training, said the changes must be practical and in line with what needs to be achieved to safeguard the future of settlers.
“The board must consist of a strong team of directors who understand the strengths and weaknesses of Felda.
“Only then will we be able to set the right direction for Felda,” Shahri told a press conference here today.
Of great concern to settlers right now is their income, loan repayments and housing for second generation settlers. Shahrir believes the Felda model has to be relooked in the present context.
On the listing of FGV, he said it must be looked at from the advantage, risk factor and impact as there will be varied
views from everyone.
Felda is the major shareholder with a 20 per cent equity in FGV.
Shahrir also shared his immediate plans which would begin with a visit to Felda schemes beginning tomorrow and meeting up with the management team,
Commenting on his appointment which comes at a time when Felda is being heavily criticised by the opposition and former prime minister Tun Dr. Mahathir Mohamad, Shahrir said it offers him a chance to place Felda on the right footing.
“If we want to criticise Felda is not good, problematic, etc. it’s easy to say. But I am grateful to be given the opportunity to serve and correct the situation,” said Shahrir. — Bernama