KUALA LUMPUR: Tan Sri Mohd Isa Abdul Samad, together with two non-independent directors — Datuk Noor Ehsanuddin Mohd Harun Narrashid and Datuk Hanapi Suhada — have resigned from Encorp Bhd’s board as the company’s major shareholder the Federal Land Development Authority (Felda) has changed its nominees.

Mohd Isa resigned as chairman of Encorp as Felda, which holds a 70.82% stake in the group, changed its nominee for the post, Encorp said in a filing with the stock exchange yesterday.

However, no succeeding chairman was named.

To recap, Mohd Isa had also been removed as chairman from Felda Global Ventures Holdings Bhd (FGV) earlier this year after a boardroom tussle.

Meanwhile, Noor Ehsanuddin and Hanapi also resigned from the board for the same reasons, according to separate filings with the stock exchange.

Felda appointed three new non-independent and non-executive directors, namely Datuk Syed Mohamed Syed Ibrahim, Datuk Muzzammil Mohd Nor and Hussein Ismail. All three are also directors of Felda Investment Corp Sdn Bhd.

Syed Mohamed is currently the president and chief executive officer of Iskandar Waterfront Holdings Sdn Bhd, and a director of Prasarana Integrated Development Sdn Bhd and Endless Growth Sdn Bhd.

Meanwhile, Muzzammil is also  the deputy director-general for management at Felda and a director of FGV.

On the other hand, Hussein was appointed director of Felda Investment Corp and Iris Corp Bhd in April and late July respectively.

Shares in Encorp gained two sen or 2.8% to 73.5 sen yesterday, valuing the company at a market capitalisation of RM204.81 million.