As we look to the year ahead, our priorities will focus on three key areas: APPRECIATION On behalf of the Board of FGV, I extend my heartfelt gratitude to everyone who contributed to FGV’s progress in 2024. I wish to thank my fellow Board members, for their commitment, active involvement, and interest in the company’s performance and well-being. We welcome Datuk Abdul Halim Hamzah as Non-Independent Non-Executive Director and Rozainah Awang as Independent NonExecutive Director. Their leadership and insights will strengthen FGV’s governance and drive sustainable growth. We bid farewell to our esteemed departing Board members – Dato’ Mohd Rafik Shah Mohamad, Nik Fazila Nik Mohamed Shihabuddin, and Datuk Dr. Yatimah Sarjiman – for their contributions, and we wish them the best in their future endeavours. We would also like to thank former Group Chief Executive Officer, Dato’ Mohd Nazrul Izam Mansor (August 2021–September 2024), for his inspiring leadership and commitment during his tenure. The Board wishes to thank the Management team and employees at all levels for their hard work and commitment, which have helped drive our achievements. We also extend our gratitude to FELDA, our key stakeholder for their unwavering trust and partnership, which have supported our growth and progress. Similarly, we are grateful to our collaborators, including FELDA settlers, independent smallholders, and business partners. Finally, we owe gratitude to our shareholders, customers, and other stakeholders whose confidence and trust have energised us to uphold the highest standards of accountability and innovation. Tan Sri Rastam Mohd Isa Chairman FGV remains steadfast in its commitment to a future defined by adaptability and ambition. By prioritising and embracing innovation and sustainability, we are strategically positioned to address challenges, deliver meaningful value for our stakeholders, and reinforce our leadership in the agribusiness sector. Strengthening Stakeholder Partnerships: We are committed to fostering shared prosperity by engaging FELDA settlers, smallholders, and local communities. Addressing the WRO and upholding ethical labour practices remain central to our approach. We will also incorporate climate-resilient strategies and sustainable business models to ensure inclusive progress. Driving Operational Excellence: We will build on the success of the Plantation Transformation Plan by further optimising operations through Good Agricultural Practices (GAP), adopting and adapting technology, advancing mechanisation, and implementing enhanced efficiency measures. These initiatives will fortify our foundation for sustained growth. Expanding into High-Value Products and Diversification: We will explore opportunities in downstream products, agricultural technology, and renewable energy, including biofuel production and solar integration. These ventures aim to reduce reliance on commodity cycles and establish a more balanced, resilient business model. FGV Directors visiting our Sabah estates, reflecting on-ground commitment to FGV’s progress. 25 INSIGHTS FROM OUR LEADERS Sec 03
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