Richard Eu was appointed to the board as Chairman of the Eu Yan Sang International Ltd (EYSI) board on 1st of October 2017.

As the steward of the 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 since 2002. Richard has been instrumental in transforming it into one of Asia’s largest TCM groups today. When he first joined Eu Yan Sang Holdings as General Manager in 1989, there were only six Eu Yan Sang outlets in Singapore and Malaysia. Under his leadership for over 28 years, 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 Eu 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 recognized as the CEO of the year by the Singapore Corporate Awards 2010, for SGX-listed companies with a market capitalization of under S$300 million. In 2016, he was lauded as the Brand Leader of the Year by Influential Brands.

Prior to joining Eu Yan Sang, Richard, who holds a Bachelor of Laws (LLB) degree from _ London University, UK, worked in merchant banking, investment management, stock broking, computer distribution, and venture capital.

Richard actively participates in community projects and non-profit organizations. He serves as Chairman of the Singapore University of Social Sciences and is on the board of a charitable foundation. He also sits on the boards of other companies, both publicly listed as well as private.

Most recently, Richard was conferred the Public Service Medal (PBM) at the Singapore National Day Awards 2020.