Koh Teck Chuan will be retiring from his role of CEO of Frasers Hospitality, the wholly-owned subsidiary of Frasers Property which operates serviced residences including the Gold-Standard Fraser Suites, Fraser Place and Fraser Residence, Modena by Fraser, and Capri by Fraser.

His retirement will take effect from Oct 1. Koh, 61, will be relinquishing the role along with all other management duties he holds within the Frasers Property group.

Frasers Property group CEO Panote Sirivadhanabhakdi will oversee Frasers Hospitality upon Koh’s retirement, according to a press release dated April 30.

Koh was appointed CEO of Frasers Hospitality in February 2019. 

SEE:Frasers Property obtains A$300 mil sustainability-linked loan in Australia

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“It has been an honour to lead the Frasers Hospitality business over the last two years. Throughout this time, I have been humbled by the commitment and hard work of our teams, and their passion for creating a company focused on inspiring experiences, especially as we navigate through the COVID-19 challenges,” says Koh.

Sirivadhanabhakdi notes that Koh has been instrumental to the evolution of Frasers Hospitality. “He has developed not only an organisational structure aligned with our business goals, but also invested in our people. He leaves a more agile and resilient organisation, even as we continue to manage through the Covid-19 pandemic situation. 

“I look forward to continuing the progress and execution of the plan and working with the leadership team, while deepening the collaboration across the group to enable us to seek new opportunities,” he adds.

Shares in Frasers Property closed flat at $1.22 on April 29.