SINGAPORE - The Ministry for Trade and Industry (MTI) announced the appointment of Ms Olivia Lum to the board at International Enterprise Singapore (IE Singapore) today.
Ms Olivia Lum, the Executive Chairman and Group Chief Executive Officer of Hyflux Ltd, will be on the board of IE Singapore for a two-year term. The appointment will take effect May 1, 2013.
Ms Lum started corporate life as a chemist with Glaxo Pharmaceutical and left in 1989 to start up Hydrochem (S) Pte Ltd, the precursor to Hyflux Ltd.
After managing the Group for more than 20 years, Ms Lum is the driving force behind Hyflux's growth and business expansion, and is responsible for policy and strategy formulation, and corporate direction.
A former Nominated Member of the Singapore Parliament, Ms Lum is currently a member of the Singapore-Tianjin Economic and Trade Council, the Singapore-Jiangsu Cooperation Council, Singapore-Zhejiang Economic and Trade Council and Singapore Business Federation Council.
Among the many accolades Ms Lum has received for her entrepreneurial achievements are: the Winner of the Regional Growth Award by Nihon Keizai Shimbun at the 11th Nikkei Asia Prize 2006, and most recently the Ernst and Young World Entrepreneur of The Year 2011 and the Financial Times ArcelorMittal Boldness in Business Award 2011 for Entrepreneurship.