Fraser & Neave Holdings Bhd (F&N) has announced a leadership change, with chief executive officer Lim Yew Hoe retiring after more than 11 years leading the company. His retirement took effect on Wednesday, marking the end of a tenure that began in December 2014.
Lim, 60, a Singaporean national, was appointed CEO of F&N on Dec 1, 2014. During his time at the helm, he oversaw the group’s operations across the food and beverage industry, including its dairy and beverage businesses. According to the company’s latest filing, Lim holds 100,000 shares in F&N, representing a 0.027% stake in the group.
Tarang Gupta succeeds Lim Yew Hoe as F&N CEO.
F&N’s 2025 annual report also disclosed that Lim received more than RM5 million in total remuneration for the financial year ended Sept 30, 2025 (FY2025). This amount included his salary, allowances, bonuses and other benefits.
In a separate filing with Bursa Malaysia, F&N announced the appointment of Tarang Gupta, 49, as its new chief executive officer, effective Oct 1. Gupta, an Indian national, brings extensive experience in the dairy and consumer goods sectors, having held senior management positions in several markets.
Gupta previously served as managing director of Dutch Lady Milk Industries Bhd from 2018 to 2021, where he was responsible for overseeing the company’s business operations and strategic direction in Malaysia.
More recently, he led Royal FrieslandCampina’s business in the Philippines through its subsidiary, Alaska Milk Corporation. His experience in managing dairy operations across different markets is expected to support F&N as it continues to strengthen its position in the regional food and beverage industry.
The leadership transition comes as F&N continues to navigate changing consumer preferences, market competition and evolving demand across its core product segments. Gupta’s appointment brings a new chapter for the group, with his background in the dairy industry providing relevant experience for its future business direction.
Following the announcement, F&N shares closed six sen, or 0.28%, lower at RM21.74 on Wednesday, giving the company a market capitalisation of approximately RM7.97 billion.
