Richard Eu is Group Chairman of Eu Yan Sang International Ltd (EYSI), an appointment he has held since 1st October 2017. He is the fourth generation of a business that was founded in 1879.
As the steward of the EYSI Group, Richard leads the board in providing governance oversight, deliberating the Group’s strategic choices and providing independent counsel and advice to the Group CEO.
Prior to this appointment, Richard served as the Group CEO of EYSI from 2002 until becoming Group Chairman. Richard has been instrumental in transforming EYSI into one of Asia’s largest Traditional Chinese Medicine (TCM) groups today. Under his leadership since 1989, the Group has successfully established itself in the broader market of natural wellness and has introduced TCM to new consumers with products and services to meet the needs of a modern lifestyle.
Richard was named the Ernst & Young Entrepreneur of the Year 2011 (Singapore) and represented Singapore at the Ernst & Young World Entrepreneur of The Year 2012 award in Monte Carlo, Monaco. He was also recognised as the CEO of the year by the Singapore Corporate Awards 2010, for SGX-listed companies with a market capitalisation of under S$300 million. In 2016, he was lauded as the Brand Leader of the Year by InfluentialBrands.
Prior to joining Eu Yan Sang, Richard, who holds a Bachelor of Law degree from the University of London, UK, worked in merchant banking, investment management, stock broking, computer distribution, and venture capital.
Apart from sitting on the boards of private sector companies, Richard actively participates in community projects and non-profit organisations. Richard was conferred the Public Service Medal (PBM) at the Singapore National Day Awards 2020.