The CEO of Asia Pacific Breweries is set to step down from his post.

Koh Poh Tiong confirmed today (30 June) that he will relinquish his position with the company with effect from the end of the financial year on 30 September.

Koh, who joined the company in 1985, will remain a member of the board of directors of APB. "Looking back, the greatest professional satisfaction I have derived is from driving growth and realising the fruits of our labour," said Koh. "All these would not have been possible without the talent, passion, fortitude, loyalty, cooperation and support of my team; and, I would like to pay tribute to them for their excellent efforts and contributions."

Roland Pirmez has been appointed the new CEO with effect from 1 October and will join APB on 1 September as CEO-designate.

With 23 years in the beer industry, Pirmez is currently CEO of Heineken Russia, a position he has held since 2002. He was general manager of APB's associate, Thai Asia Pacific Brewery, for four years from 1998 to 2002 prior to returning to the Heineken organisation to assume his current position in Russia.

Simon Israel, APB chairman, said: "Mr Pirmez is a seasoned international CEO, with a proven track record of working with partners and building high growth businesses in emerging markets. We are delighted to have Mr Pirmez to lead the next phase of the company's development."

APB is a joint-venture between Heineken and Fraser & Neave.