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Coca-Cola veteran Atul Singh, who has spent about two decades at the company in various senior leadership positions, will be joining leading retail and real estate group Fawaz Alhokair and Company in April as the CEO.
He is currently serving as the Chairman of the Asia Pacific Group at the Coca-Cola Company. As per a statement released last year, Coca-Cola had said that Singh is scheduled to retire in March.
Earlier this month, in an investor communication release, Fawaz Alhokair and Co said that its board has approved the appointment of Atul Singh as the company’s new CEO effective April 1.
“The chairman of the board has expressed his confidence that the experience of Singh would be a great addition to the company leadership and will take the company to a new phase of achievements,” the company added.
E-mails sent to Coca-Cola and Fawaz AlHokair and Co for comments went unanswered.
As the Chairman for the Asia-Pacific region at Coca-Cola, Singh has been focusing on managing key stakeholders, key merger and acquisition initiatives and has been serving on a number of boards.
Singh, who was earlier the Group President of the Asia-Pacific region, had been overseeing operations in 36 markets, including key countries such as China, Korea, Hong Kong, India, New Zealand, Singapore.
He joined the company in 1998 and led the franchise operations and key accounts group for the India division till 2001 before moving to China.
He took over as the President of Coca-Cola India and South West Asia business unit in 2005.
“Under his stewardship, Coca-Cola’s business in India made strides in all facets of its operations, emerging as one of the top seven businesses in the Coca-Cola system worldwide and delivering 32 consecutive quarters of growth,” the company’s website states.
The Saudi Arabia-based Fawaz Alhokair Group (also known as Fawaz Abdulaziz Alhokair Group) is a leading fashion retailer that operates over 2,100 stores across 17 countries representing more than 80 international brands.
It holds franchise rights for leading international apparel brands such as Gap, Zara and Banana Republic.
It has investments in the retail and real estate sectors in West Asia, North Africa, the US and Central Asia. It also has presence in the construction, healthcare, financial services and hospitality sectors.
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