Fraser and Neave names Rahul Colaco as new CEO  

SINGAPORE – Singapore-based food and beverage group Fraser and Neave (F&N) has appointed Rahul Colaco as its new chief executive officer, effective October 1.  

Colaco will take over from Hui Choon Kit, who will retire from the role on September 30 but continue with the group until January 31, 2026, to facilitate a smooth transition, according to a company filing. 

Hui, 61, has been with F&N since 2000 and was appointed CEO in February 2022 after serving as chief financial officer and company secretary. Reflecting on his tenure, Hui said it had been a privilege to lead the group and work with its dedicated team. He expressed confidence in Colaco’s leadership and the company’s continued success. 

Colaco brings extensive leadership experience in the food and beverage industry. He worked at FrieslandCampina from 2009 to 2019, rising to become president of the Dutch dairy company’s operations in China.  

From 2020 to 2024, he served as CEO of Grand Royal Group in Myanmar and most recently was chief of spirits (international) at Thai Beverage in 2024. Earlier in his career, Colaco spent five years at Unilever. 

Fraser and Neave chairman Koh Poh Tiong said Colaco is a seasoned leader with a proven track record in building brands, driving growth, and delivering results across diverse markets. The board expressed confidence in his ability to guide F&N into its next stage of expansion and capitalize on emerging opportunities. 

Colaco said he was honoured to be entrusted with the leadership of a company with such a rich heritage and a strong portfolio of brands. 

F&N owns several well-known brands including Nutri Soy soya milk and 100 Plus isotonic drinks. For the 12 months to September 30, 2024, the company reported revenue of S$2.16 billion (US$1.68 billion), up 3% year on year, while profit after tax increased 6.8% to S$219.1 million. All its food and beverage businesses recorded growth during the period. 

In August, the group issued a trading update for the first nine months of its financial year, reporting revenue growth of 9.7% to S$1.77 billion, although profit after tax declined 6.4% to S$169.5 million, partly due to lower soft drink earnings. 

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