Yinson is pleased to provide an update on its Senior Management team, in line with plans to unlock value through the continued growth of its business units and rollout of its strategic roadmap:

• Appointment of Mr Daniel Bong to the role of Chief Executive Officer of Farosson, a new business unit of the Group, providing advisory solutions and asset management to focus on group capital recycling activities. Daniel previously held the role of Group Chief Strategy Officer (“GCSO”) and Head of Group Corporate Advisory.
• In conjunction with the above, Mr Chai Jia Jun (JJ) will succeed the role of GCSO. JJ previously held the role of Director of Group CEO Office. Concurrently, Mr Eirik Barclay’s job title was updated to Chief Executive Officer, Yinson GreenTech; and Mrs Louisa Brady’s job title was updated to Group Chief Human Resources Officer to better reflect their roles within the Group. These changes will take effect on 1 March 2023.

In his previous capacity as Director of the Group CEO office, JJ was responsible for the equity market activity, partnerships and new ventures of Yinson Group. As the GCSO and Head of GCA, Daniel previously oversaw the corporate finance and investments, strategy development, corporate legal, governance, risk management and compliance, sustainability and corporate communications functions as well as managed the Group’s business and financing partnerships. He also maintained oversight of the Group’s tax, treasury and finance functions through reporting from the Group Chief Financial Officer.

These changes are part of the Group’s strategic initiative to accelerate its growth plans, which also includes increased autonomy and decision making by the business units and reinforcing their respective management teams. Accordingly, the Group Strategy Office will now oversee the Group’s overall strategic direction, with JJ focused on group strategy, investor relations, sustainability, corporate communications, governance, risk management and compliance.

Yinson Group Chief Executive Officer Lim Chern Yuan heartily congratulated the new appointees, commenting, “Daniel and JJ are both exceptional leaders, with vast experience both within the company and externally. The new appointments are important enablers for us to execute our exciting new plans in line with the energy transition to unlock sustainable value for our stakeholders.”

Daniel commented, “The evolving business landscape gives rise to numerous opportunities for businesses that are able to strategically position themselves to capitalise on it. I am excited by the opportunity to lead Farosson – a new business that provides advisory, asset management, investment and capital recycling opportunities, leveraging on Yinson’s extensive experience spearheading corporate investments and transactions, especially within the sustainability space.”

JJ commented, “Yinson is at a critical point of its transformation and I look forward to working closely with CY, Daniel and my fellow Senior Management team to continue driving the strategic direction of the Group. As the business units launch into their respective growth plans, we will continue to remain closely aligned towards achieving our Group objectives.”