Thai billionaire Charoen to retire as F&N chairman in 2025; Koh Poh Tiong to step up
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FRASER and Neave (F&N) announced on Tuesday (Dec 24) that its board chairman Charoen Sirivadhanabhakdi will retire from office on Jan 16, 2025, at the conclusion of its 126th Annual General Meeting.
Thai Beverage founder Charoen, who is 80 years old, will be appointed as chairman emeritus. He will be succeeded by Koh Poh Tiong, who has been serving as a non-independent and non-executive director and as adviser to the board since Apr 3, 2013.
Non-independent and non-executive director to the board Thapana Sirivadhanabhakdi, who is CEO of Thai Beverage, will be appointed as vice-chairman of the board.
In addition, Charles Mak Ming Ying, independent and non-executive director to the board, will retire from office.
Shares in F&N closed S$0.01 or 0.8 per cent higher at S$1.35 on Monday.
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