KUALA LUMPUR, March 29 2016 : Son of a Felda settler, Datuk Zakaria Arshad, 56, has risen by rank and file to helm the world’s largest crude palm oil (CPO) producer, Felda Global Ventures Holdings Bhd (FGV).
The company announced the appointment of Zakaria as its new Group President and Chief Executive Officer (CEO), effective April 1.
Zakaria, the current Executive Vice President/Head of Palm Downstream Cluster at FGV, will replace Datuk Mohd Emir Mavani Abdullah who is ending his three-year tenure as Group President and CEO on March 31, 2016, a statement said today.
Raised in FELDA Palong 1, Negeri Sembilan, Zakaria served the FELDA Group for 32 years since 1984 including FELDA Rubber Industries Sdn Bhd, Malaysia Cocoa Manufacturing Sdn Bhd, FELDA Rubber Products Sdn Bhd and FELDA Marketing Services Sdn. Bhd.
He was appointed Chief Executive Officer of Delima Oil Products Sdn Bhd prior to becoming Head of Palm Downstream in January 2014.
Zakaria holds a Bachelor of Social Science (Economics) from Universiti Sains Malaysia and attended executive business courses from Harvard Business School and Pembroke College, Cambridge University.
A Fellow of the International Society of Nanoscience, University of Cambridge UK, Zakaria is also Vice Chairman of Palm Oil Refinery Association of Malaysia and sits on the Board of Trustee of the Malaysian Palm Oil Council.
FGV Chairman Tan Sri Mohd Isa Abdul Samad said:”With this new appointment, FGV will continue to strengthen its position as a global sustainable agri-business player.
“On behalf of FGV Group, we would like to thank Datuk Mohd Emir for his invaluable contribution especially on charting the transformation framework to pave the way for FGV to become an important global powerhouse today,” he said.
At mid-day break, FGV shares were up one sen at RM1.47. – Bernama