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2 4
Performance Review
of his passing. We have all benefited
from his wise counsel, lively banter and
thoughtful engagement with the Board
and various stakeholders alike. Those
who knew and worked with him would
also recall his total dedication, at heart
and in practice, to the Group. KFIMA
was indeed privileged to have had
the stewardship of the late Tan Sri Ir.
Muhammad Radzi.
I would like to share with you that
throughout the year, succession planning
– not only for senior management but
also the Board, were the principal focus
of the Nomination and Remuneration
Committee’s meetings and informal
exchanges between committeemembers
and our fellow directors. This was also
reiterated during the Board retreat held
in May 2017. In the circumstances, the
Group is undertaking a process to refresh
the Board and identify a new chairperson
as well as appointment of new non-
executive directors, taking into account
internal and external considerations. We
expect be in a position to conclude this
exercise in this current financial year.
Prospects
We continue to see value in the underlying
strengths of our businesses but while
the Group has solid fundamentals, the
environment in which we operate is
clearly changing. Even though outlook
for Plantation, Food and Bulking appears
more positive, our Manufacturing
business remains challenged. As a
result, we remain cautiously optimistic
for this current financial year.
Our value proposition to our stakeholders
is clear: we have moved our company to
segments with strong growth and our
portfolio is balanced between growth
and profitability. While we do have near-
term challenges and external headwinds
to contend with, we are confident that the
quality of our assets and strong balance
sheet along with the investments and
other initiatives we are making across our
businesses will create a resilient platform
that can drive both top-line and bottom
line. We have a strong foundation from
which to grow and essential to long-term
value creation.
Appreciation &
Acknowledgement
Finally, on behalf of the Board, I would
like to close by thanking our employees,
suppliers, employees, business partners
and other stakeholders for their
contribution in the past year. Their efforts
and support are vital to the success of
the Group.
Thank you.
DATO’ ROSLAN BIN HAMIR
Group Managing Director
Allow me to also take a moment, in
memory of the late Tan Sri Ir. Muhammad
Radzi bin Haji Mansor who served as our
Chairman from 2009 right up to the date
While we do have near-
term challenges and
external headwinds to
contend with, we are
confident that the quality
of our assets and strong
balance sheet along with
the investments and other
initiatives we are making
across our businesses will
create a resilient platform
that can drive both top-
line and bottom line.
‘‘
‘‘
Letter from the Group Managing Director