The Malaysian Timber Council has appointed Richard Yu Tuan Chong as Chief Executive Officer effective 13 March 2018.
MTC Chairman Dato’ Gooi Hoe Hin said Yu’s appointment was unanimously decided by the MTC Board of Trustees with the approval of the Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong.
Yu joined MTC as Deputy CEO in January 2016. He was appointed as Acting CEO in December 2017 when he took over from Datuk Dr Abdul Rahim Nik whose term as CEO ended in November 2017.
Prior to joining MTC, Yu was the Senior Director of the Asian Institute of Finance (AIF) where he contributed to the development of AIF to ensure that it is recognised as a valued brand in Asia.
As the Business Leader of Mercer Malaysia (Marsh & McLennan Companies), he provided strategic solutions for various industries such as banking, oil and gas, healthcare and consumer goods.
In his new role, Yu will spearhead MTC’s efforts in further promoting and boosting the growth of the Malaysian timber industry.
Gooi said, “Richard Yu has served MTC well and I hope everyone will continue to give their fullest support. I am confident that he will provide far-sighted and effective leadership for MTC and the timber industry.”