KUALA LUMPUR (Reuters) - Malaysian Prime Minister Najib Razak has appointed Shahrir Abdul Samad as chairman of the Federal Land Development Authority (Felda), operator of some of the world's biggest palm oil plantations, state news agency Bernama reported on Friday.
Shahrir, a member of parliament and former chairman of the Malaysian Palm Oil Board, replaces Mohamad Isa Abdul Samad, who will stay on as chairman of main listed unit, Felda Global Ventures Bhd.
Felda Global Ventures is the world's third-largest palm plantation group.
State-owned Felda drew criticism with an announcement in December that it would buy a stake of 37 percent in Indonesian palm oil firm PT Eagle High Plantations Tbk for $505.4 million, which critics saw as overpriced.
(Reporting by Emily Chow; Editing by Clarence Fernandez)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app