F&NHB ANNOUNCES LEADERSHIP TRANSITION, APPOINTS TARANG GUPTA AS CEO-DESIGNATE

KUALA LUMPUR, March 24 (Bernama) -- Fraser & Neave Holdings (F&N) has appointed Tarang Gupta as chief executive officer (CEO) designate effective July 1, 2026.

He replaces Lim Yew Hoe, who retires as CEO on Sept 30, 2026.

In a Bursa Malaysia filing today on the planned leadership transition, the food and beverage group said Gupta will assume the CEO role on Oct 1, 2026.

He has over 24 years of experience in the fast-moving consumer goods sector, with a track record of leading growth and transformation across Asia and Africa.

"He held various senior leadership roles overseeing complex organisations with end-to-end responsibility for commercial performance, operational excellence and capability development. 

"His leadership experience spans multiple consumer categories, including dairy and nutrition. He was responsible for driving market expansion, strengthening execution disciplines and building resilient supply chain platforms," it said.

Gupta was previously the Dutch Lady Milk Industries Bhd managing director in Malaysia and Singapore.

Lim will continue to lead the group during the transition and work closely with Gupta to ensure a smooth and orderly handover of responsibilities, the filing said.

Lim said he is confident that F&N is well-positioned for its next phase of development and is looking forward to working with Gupta during the transition to ensure continuity and sustained momentum.

Meanwhile, Gupta said he looks forward to working closely with Lim and the leadership team to boost the group’s capabilities and advance its growth.

-- BERNAMA