KUALA LUMPUR (July 9): Boustead Plantations Bhd has appointed Zainal Abidin Shariff as its chief executive officer (CEO) following the departure of his predecessor Ibrahim Abdul Majid, who had accepted a bigger role at Boustead Holdings Bhd.

Zainal Abidin previously served as the group CEO of Main Market-listed plantation group TDM Bhd from 2019 to 2020, chief executive of The Incorporated Society of Planters between 2018 and 2019, as well as chief operating officer and chief financial officer of Felcra Bhd from 2016 to 2018.

He is currently on the board of Pharmaniaga Bhd.

He resigned from TDM on Nov 27, 2020 after serving the group for slightly over a year, with the position at the group still remaining vacant as at the time of writing. 

To recap, Ibrahim relinquished his position as CEO of Boustead Plantations on Monday to accept a bigger role at parent company Boustead Holdings, which has a 57.42% stake in the plantation subsidiary.

Boustead Plantations rose 0.5 sen or 0.82% to 61.5 sen, giving a market capitalisation of RM1.38 billion.

Source: The Edge