I remember reading previously that there were rumours that Mr
Lee Hsien Yang is slated as the next CEO of F&N. Was I
correct?
Anywayz, as long as my Coke Light no increase price, who also can
lah!
F&N CEO quits, citing differences of opinion with
board
By Loh Kim Chin, Channel NewsAsia | Posted: 05 October 2007 2034
hrs
Fraser and Neave (F&N)
SINGAPORE: Diversified Fraser and Neave (F&N) said on Friday
that its CEO, Han Cheng Fong, has resigned with immediate
effect.
In a statement to the Singapore Exchange on Friday, F&N said
that Dr Han's resignation was due to differences of opinion with
the company's board of management.
But the beer-to-property conglomerate maintained that the
differences had nothing to do with the financial position or
performance of F&N or its subsidiaries.
When contacted, F&N's company secretary Anthony Cheong also
told Channel NewsAsia that Dr Han's departure was not triggered by
the impending change of F&N chairmanship, contrary to some
media reports.
Former SingTel Group CEO Lee Hsien Yang is due to take over the
chairmanship from Michael Fam when he retires on October 15. Mr Lee
is currently a consultant with F&N.
Dr Han has been F&N's CEO since February last year.
F&N said it is looking for a successor. Meanwhile, the board's
chairman will oversee the management until a successor is
appointed. - CNA/ir