[SINGAPORE] Beverage manufacturer Fraser and Neave (F&N) has appointed Rahul Colaco as its new chief executive officer, effective Oct 1.
He succeeds Hui Choon Kit, the current chief executive officer, who will retire and step down from the post on Sep 30, although he will remain with the group until Jan 31, 2026, to “ensure a smooth transition”, said the company in a bourse filing.
Hui, 61, was appointed to the CEO role in February 2022. Formerly the group’s chief financial officer and company secretary, he joined F&N in 2000.
Colaco, 51, has 28 years of experience, mostly in the consumer goods sector. He was most recently chief of spirits (international) at Thai Beverage in 2024; between 2020 and 2024, he was CEO of Grand Royal Group in Myanmar.
F&N chairman Koh Poh Tiong said: “Rahul is a seasoned leader with a strong track record in building brands, driving growth and delivering results across diverse markets. The board is confident that he will lead F&N into its next phase of growth, building on our strong foundations and seizing opportunities in a dynamic operating environment.”
Shares of F&N closed trading 0.7 per cent up or 0.01 at S$1.49 before the update.
