Background Image
Previous Page  28 / 220 Next Page
Information
Show Menu
Previous Page 28 / 220 Next Page
Page Background

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