Azeus appoints new chief executive officer

INFORMATION technology (IT) solutions and products provider Azeus Systems Holdings BBW : BBW 0%has appointed Michael Yap as its new chief executive officer with immediate effect, it announced in a filing on the Singapore Exchange on Tuesday (Mar 15).

He will be taking over the helm from Lee Wan Lik, who stepped down from the CEO position, as well as the company's managing director, on the same day.

In addition to his new role, Yap will continue to serve as deputy chairman of the company.

He had been serving as an independent director of the Hong Kong-based company since September 2004. He was redesignated as its executive director and deputy chairman in April 2020.

Yap was previously the CEO of Singapore's National Computer Board, a government body responsible for the city-state's overall IT policies and implementations.

While in public service, he also headed Singapore's interactive digital media program office, which managed a S$500 million fund to develop the new sector in the country.

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In the private sector, Yap served as the managing director of a enterprise software company and was responsible for its activities in Singapore and business development across the Asia-Pacific region.

He had also been on the board of directors of various listed and private companies in Singapore and Malaysia, as well as a partner in a venture capital firm and co-founded one himself.

Yap was recognised as one of the World Economic Forum's Top 100 Future Global Leaders, as well as one of the 50 Stars of Asia by Bloomberg's Businesweek.

Lee, who stepped down as CEO and managing director, will continue as founder and chairman of Azeus' board.

He will be steering the company's research and development team to develop innovative technology solutions and adding capabilities to fuel its growth, Azeus noted in its filing.

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