FGV Annual Report 2015

37 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED ADDRESSING OUR RISKS & OPPORTUNITIES CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 Weather conditions became a greater issue amongst planters during the year under review. Production was impacted by a dichotomy of events, namely the El Nino effect and devastating floods in parts of Peninsular Malaysia. Both weather phenomenon caused damage not only to the surrounding environment, but also to the residents living within the areas. As a consequence, the general commodities outlook will be affected in 2016. However, our commitment to our transformation initiatives coupled with external factors, such as growing populations worldwide and its subsequent demand will lend favour to tip the entire palm value chain and possibly push markets higher. I would like to extend my heartfelt welcome to Dato’ Zakaria Arshad who will take up the post as Group President and Chief Executive Officer of the FGV Group effective 1 April 2016. We are delighted to have Dato’ Zakaria in the captain’s seat, considering his 32 years of experience with the FGV family. The son of a Felda settler from Palong 1, Negeri Sembilan, Dato’ Zakaria has worked with various companies within the Group. As Head of Palm Downstream, Dato’ Zakaria is responsible for creating the foundation that culminated in the turnaround of Delima Oil Products Sdn Bhd. I have witnessed first-hand his unfailing dedication to the Cluster as he spearheaded the consolidation of brands within the segment, and I look forward to seeing what he will accomplish as Group President. He will take over from the capable hands of Dato’ Mohd Emir Mavani Abdullah who will complete his 3-year tenure at FGV with the utmost grace and competence on 1 April 2016. Dato’ Emir has greatly surpassed the expectations set on him. My fellow Board members and I are infinitely grateful for Dato’ Emir’s complete devotion to the transformation and wish him well as he embarks on his next venture. Lastly, I extend my appreciation to my fellow Board of Directors who have provided their best counsel, and FGV employees, who are the backbone of the work that we do. We look forward to strengthening relationships with our strategic partners, bankers, suppliers, and customers. Mostly, I thank all our Stakeholders for the trust endowed upon the Board to govern our Company and steer it to greatness. YB Tan Sri Haji Mohd Isa Dato’ Haji Abdul Samad Chairman 29 March, 2016 Chairman’s Statement