Fraser & Neave Holdings Appoints New Audit Committee Member

Fraser & Neave Holdings Bhd has appointed Michael Chye Hin Fah as a non-independent and non-executive member of the audit committee. The Singaporean national joins the company with a focus on beverage, dairy, and food product manufacturing and sales. The company has a diverse portfolio of over 30 brands, including 100PLUS, BORNEO SPRINGS, and F&N Fun Flavours. With over 3,700 employees, the company operates in Malaysia and Thailand, catering to a wide range of consumer needs.

Fraser & Neave Holdings Bhd (F&N), a leading beverage, dairy, and food product manufacturer and sales company in Malaysia and Thailand, has recently appointed Michael Chye Hin Fah as a non-independent and non-executive member of its audit committee [1]. With a focus on the beverage, dairy, and food industries, Chye brings valuable expertise to F&N's governance structure.

Chye, a 63-year-old Singaporean national, holds a Master's degree in Business Studies with distinction in Accounting and Finance from Massey University, New Zealand, as well as a Degree in Business Studies with first-class honors in Accounting and Finance from the same institution [1]. He is also a qualified accountant from the Institute of Singapore Chartered Accountants and holds professional qualifications in secretarial and administration, corporate governance, and listed company directorships from various institutions [1][2].

Currently, Chye serves as the Chief Beer Product Group of Thai Beverage Public Company Limited [2]. He is also a nominee director of Fraser and Neave, Limited, a significant shareholder of F&N [1]. Chye's extensive experience in the beverage industry and his current role as a listed company director make him a valuable addition to F&N's audit committee.

F&N's diverse portfolio includes over 30 brands, such as 100PLUS, BORNEO SPRINGS, and F&N Fun Flavours [1]. With over 3,700 employees, the company operates in Malaysia and Thailand, catering to a wide range of consumer needs [1]. Chye's appointment to the audit committee comes at an opportune time as F&N continues to grow and expand its operations.

In conclusion, the appointment of Michael Chye Hin Fah as a non-independent and non-executive member of F&N's audit committee is a strategic move that strengthens the company's governance structure and adds valuable expertise to its decision-making process.

References:
[1] MarketScreener. (2023, January 17). Fraser-Neave Holdings Bhd Appoints Michael Chye Hin Fah as Member of Risk Committee and Non-Independent Non-Executive Director. Retrieved from https://www.marketscreener.com/quote/stock/FRASER-NEAVE-HOLDINGS-6491492/news/Fraser-Neave-Holdings-Bhd-Appoints-Michael-Chye-Hin-Fah-as-Member-of-Risk-Committee-and-Non-Independe-42746648/
[2] KLSE Screener. (2023, January 17). Fraser & Neave Holdings Bhd. Retrieved from https://www.klsescreener.com/v2/announcements/view/4099299