Beverage and publishing group Fraser and Neave (F&N) has announced Hui Choon Kit as its CEO from Feb 1.
The 57-year-old will “focus on accelerating the execution of F&N’s growth strategy and driving the growth of the [its] businesses,” the group announced in a Jan 31 regulatory filing.
Hui – who joined the group in 2000 – is currently the CFO and company secretary of F&N group. He has also held several leadership positions in corporate planning & business development, corporate communications & special projects, group finance and the corporate secretariat departments.
Meanwhile, the group also announced the retirement of 59-year-old Lee Meng Tat as CEO, non-alcoholic beverages.
Lee – who has been in the role for close to 7 years – has been overseeing the segment’s operations and investments in Indonesia, Malaysia, Myanmar, Singapore, Thailand and Vietnam.
In another move, 56-year-old Edmund Neo is also set to step down as CEO, beer from Feb 1.
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This is to allow him to focus on his leadership role in brand investment in Thailand Beverage (ThaiBev), a shareholder and strategic partner of F&N.
Other appointments announced by F&N include – Christopher Leong as director of group finance and Samuel Lee as company secretary – from Feb 1.
Shares of F&N closed flat at $1.39 on Jan 31, while ThaiBev’s shares was up 0.5 cents or 0.8% to 65.5 cents.
Cover image: File photo
