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New CEO at Fraser and Neave: Rahul Colaco takes over leadership!
Fraser and Neave appoints Rahul Colaco as CEO from October 1, 2025, succeeding Hui Choon Kit following his resignation.
New CEO at Fraser and Neave: Rahul Colaco takes over leadership!
In an exciting turn of events for Fraser and Neave, Limited (F&N), it was announced today that Rahul Colaco will be appointed as the new CEO, effective October 1, 2025. This move follows the resignation of Hui Choon Kit, who will step down on September 30, 2025, but will remain with the company until January 31, 2026 to ensure a smooth transition. F&N chairman Koh Poh Tiong has great confidence in the abilities of the new managing director. “We are confident that Colaco can lead F&N into the next phase of growth,” explains Tiong. Hui Choon Kit, who has been with the company since 2000 and was appointed CEO in 2022, is thanked for his 25 years of commitment and leadership by Tiong. Marketech APAC reports, that upon his appointment, Colaco emphasized his honor and determination to advance the company's development.
Rahul Colaco is a seasoned executive with over 28 years of experience in the consumer goods sector. His professional career most recently took him to Thai Beverage Public Company Limited, where he served as Chief of Spirits, International. The 51-year-old was also CEO of the Grand Royal Group in Myanmar from 2020 to 2024. Other stages in his career include management positions at Friesland Campina in various countries and over a decade at Unilever. The broad international experience will certainly benefit F&N by bringing new impetus to the company.
A new course for Fraser and Neave
The change at the top could open up new horizons for F&N. The company's shares closed trading up 0.7 per cent at S$1.49 following the announcement of Colaco's appointment. This could be an indication of investors' confidence in the new leadership. Hui, who has led the company for the past few years, expressed pride in F&N's achievements and is confident about Colaco's future role.
But what exactly makes the role of a CEO so challenging? The Chief Executive Officer, the equivalent of the CEO or CEO in many Anglophone countries, has primary responsibility for the strategic direction of the company. In Austria, however, the title of CEO is more of an additional title with no legal significance. The CEO is considered the first board member and therefore it is important to have a vision to steer the company through turbulent times. Wikipedia provides interesting insights into this.
With a new CEO in charge and a clear vision for the future, F&N is entering a new era. The coming months will show how these changes will impact the company's growth strategy.