Core Insights - Fraser and Neave has appointed Rahul Colaco as the new CEO, effective October 1, succeeding Hui Choon Kit, who has been with the company for 25 years and served as CEO since 2022 [1][5] Company Performance - For the financial year ending September 30, 2024, Fraser and Neave reported revenue of S$2.16 billion (US$1.68 billion), reflecting a 3% increase year-on-year. Profit after tax rose by 6.8% to S$219.1 million [3] - The company experienced a 9.7% revenue growth to S$1.77 billion in the first nine months of the financial year, although profit after tax decreased by 6.4% to S$169.5 million, attributed to lower earnings from soft drinks [4] Leadership Transition - Chairman Koh Poh Tiong expressed confidence in Colaco's leadership abilities, highlighting his experience in brand building and growth across various markets [2] - Colaco has a diverse background, having previously worked at FrieslandCampina and Unilever, and he emphasized the honor of leading Fraser and Neave, a company with a rich heritage [3]

Company Leadership Change - Fraser and Neave has appointed Rahul Colaco as the new CEO, effective from October 1, succeeding Hui Choon Kit, who has been with the company for 25 years and CEO since 2022 [1][5] - Colaco previously held executive roles at FrieslandCampina and Thai Beverage, bringing extensive experience in brand building and market growth [2][3] Financial Performance - For the financial year ending September 30, 2024, Fraser and Neave reported revenue of S$2.16 billion (US$1.68 billion), reflecting a 3% increase year-on-year, with profit after tax rising by 6.8% to S$219.1 million [3] - In the first nine months of the current financial year, revenue grew by 9.7% to S$1.77 billion, although profit after tax decreased by 6.4% to S$169.5 million, attributed to lower earnings from soft drinks [4] Business Growth and Strategy - The chairman expressed confidence in Colaco's ability to lead Fraser and Neave into its next growth phase, leveraging the company's strong brand portfolio and market opportunities [2] - All food and drinks businesses within Fraser and Neave experienced growth during the reported 12-month period, indicating a positive trend in the company's core operations [4]