TH Plantations Bhd has appointed Datuk Borhan Bachi as its new chief executive officer (CEO), effective Nov 17, 2025. The announcement was made in a filing with Bursa Malaysia on Monday.
According to TH Plantations, Borhan’s appointment also follows the company’s earlier disclosure on July 18, 2025, regarding the formation of a board executive committee (board exco). With the new leadership now in place, the company said the board exco has been dissolved effective the same day as Borhan’s appointment.
The leadership changes come after a period of internal scrutiny triggered by alleged unauthorised payments amounting to RM5.1 million to plantation workers. Former CEO Mohamed Zainurin Mohamed Zain and former chief financial officer (CFO) Marliyana Omar were both issued show-cause letters in relation to the matter.
Mohamed Zainurin, who had been placed on garden leave pending the investigation, was subsequently terminated on Aug 26. Marliyana opted to resign with immediate effect on July 18. Mohamed Zainurin had served as CEO since his appointment on Oct 1, 2021.
The appointment of Borhan marks a new chapter for TH Plantations as it moves to restore stability and strengthen governance following recent internal developments.
