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KUALA LUMPUR : The Federal Land Development Authority (Felda), announced Friday the appointment of Megat Zaharuddin Megat Mohd Nor (pix) as its new president.
Megat Zaharuddin who was former president of Maybank will replace Shahrir Samad, which was introduced last year with the aim of solving the agency's management problems and rebuilding the government's support of the 39; former Prime Minister Datuk Seri Najib Abdul Razak among the palm colonists in Malaysia.
The oil palm settlers, the oil palm producers working for Felda, were faced with rising cost of living and high debt due to the inadequacy of income
Shahrir resigned shortly after the election results
Zaharuddin was president of Maybank for more than 7 years and has experience in the oil and gas sector for 31 years, "Felda said in his release
"Seven new members of the board of directors excluding President Shahrir was appointed president of Felda in January 2017.
Felda settlers form the majority of voters in at least 54 of the 222 seats in parliament national. and played a central role in the old ruling coalition that has won all elections since the independence of Malaysia in 1957. – Reuters
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