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SINGAPORE: Asia Pacific Breweries sees four executives resign

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Four Asia Pacific Breweries (APB) executives have quit the company in the wake of Heineken taking full control of the group.

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Loy Juat Boey, APB's group FD, has taken early retirement and will be replaced by Kenneth Choo, who is also Heineken Asia Pacific's director of regional finance and business development. Meanwhile, Sarah Koh, APB's corporate communications GM, and Chris Kidd, Indochina regional director, have both left the company.

A replacement for Koh is being sought, while Bennett Neo, regional director for Singapore and Cambodia, has taken on Kidd's responsibilities. 

Finally, Les Buckley, APB's regional director for South-East Asia/Oceania, will also leave the company when a replacement is found, Heineken said. 

However, in a statement to just-drinks today (4 January), a spokesperson for the Dutch brewer insisted it did not represent an “exodus of APB senior leaders”. A separate Asia Pacific spokesperson added: “This is business as usual, this is what you typically see in any integration situation."

The spokesperson stressed that these were not the “top four” executives at the Tiger brewer. But he added: “They were very important and we appreciate their contribution.” 

He also dismissed local reports suggesting that there has been a change of reporting lines at APB. "There is no change, all execs are still reporting to the CEO of APB," he said. 

The intergration process is expected to be completed by next month. 

Heineken and APB currently have separate corporate offices in Singapore, but the spokesperson said “no decision” has yet been made on the location of the new intergrated HQ. 

The Dutch brewer completed its SGD5.4bn (US$4.3bn) acquisition of Fraser & Neave's stake in APB in November.


Sectors: Beer & cider, HR – personnel

Companies: Heineken

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