The Malaysian Reserve

Richard Yu made CEO of Malaysian Timber Council

by TMR

MALAYSIAN Timber Council (MTC) acting CEO Richard Yu Tuan Chong (picture) has been appointed as the council’s CEO effective March 13.

In a statement, MTC chairman Datuk Gooi Hoe Hin said Yu’s appointment has been unanimously decided by the MTC Board of Trustees with the approval of Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

Yu joined MTC, an agency under the ministry, as its deputy CEO in January 2016. He was appointed as acting CEO in December 2017 when he took over from Datuk Dr Abdul Rahim Nik.

Yu has spent a good part of his working life providing strategic direction and thought leadership to numerous highly reputable organisations in the country and overseas, according to the statement.

Prior to joining MTC, Yu was the senior director of the Asian Institute of Finance (AIF) where he contri- buted to the development of AIF to ensure that it was recognised as a valued brand in Asia.

Prior to that, as the business leader of Mercer Malaysia (Marsh & McLen- nan Cos Inc), he led, managed and provided strategic solutions for vari- ous industries which included the financial, banking, oil and gas, healthcare and consumer goods sectors.

Yu was also the strategy head at Multimedia Development Corp Sdn Bhd, commercial director of Thames Water plc and managing consultant at PricewaterhouseCoopers.

In his new role, the statement said Yu will spearhead MTC’s efforts in further promoting and boosting the growth of the Malaysian timber industry.

MTC was established in January 1992 to promote the development and growth of the Malaysian timber industry globally.

Its main objectives are to promote the Malaysian timber trade and develop the market for timber products globally; to promote the development of the industry by upgrading the industry’s manufacturing technology base; to augment the supply of raw materials; to provide information services; and to protect and improve the Malaysian timber industry’s global image. — TMR