Olivia Lum

Olivia Lum
Olivia Lum (林爱莲)
Born Kampar, Perak
Malaysia
Alma mater National University of Singapore
Occupation Group CEO & President, Hyflux Group of Companies
Net worth US$$345 million increase
(2007)
Religion Christianity (New Creation Church)[1]
Olivia Lum
Traditional Chinese 林愛蓮
Simplified Chinese 林爱莲

Olivia Lum is the founder, group chief executive officer, and president of the Singapore-based Hyflux Group.[2][3][4] She also heads the Research and Development function.[citation needed]

Contents

Early life

Lum was adopted at birth, and never knew her parents; she was brought up by a woman she called her grandmother. When Lum was only three, her grandmother gambled away her savings; they lost the house in which they were living, and moved to a leaky shack without running water.[2] She came to Singapore at the age of 15 and enrolled at the Tiong Bahru Secondary School, where she supported herself through tutoring and sales jobs. She went on to study at Hwa Chong Junior College and graduated in 1986 with an Honours degree in chemistry from the Faculty of Science of the National University of Singapore.[3]

Career

Lum started corporate life as a chemist with Glaxo Pharmaceutical. After working for three years at Glaxo, she left in 1989 at the age of 28 to start up Hydrochem, the precursor to Hyflux, with just SG$20,000 of capital, which she raised by selling her condominium and car.[3] She hired three employees at the start; Lum herself rode around on a motorcycle selling her company's water filters and treatment chemicals.[4] By January 2001, Hyflux had become the first water treatment company to be listed on SESDAQ, and was upgraded to the Singapore Exchange's Mainboard in April 2003.[citation needed] By 2005, she had a net worth of over US$240 million, which earned her a place as the only woman on Forbes' "Southeast Asia Rich List".[5] As of 2007, Hyflux was worth SG$1 billion and employed more than 800 people.[3]

Lum holds several positions in public service. She is a board member of SPRING Singapore, the National University Singapore Council, and the Singapore Exchange, as well as the president of the Singapore Water Association. She is also a member of the UNESCAP Business Advisory Council and the Singapore Green Plan 2012 coordinating committee.[citation needed] Lum was a Nominated Member of Parliament in the Parliament of Singapore from 2 July 2002 to 1 January 2005.[citation needed] In 2003, she was awarded the International Management Action Award, followed by the Global Female Invent and Innovate Award the following year.[6]

On October 3]2008, Lum resigned her position as independent non-executive director of the Singapore Exchange and relinquished her position on the audit, regulatory conflicts and remuneration committees of the Exchange, according to the Exchange's filing. She stated this was due to her heavy work commitments in line with Hyflux's rapid expansion, and that her resignation would enable her to focus more time and resources on Hyflux's growth.[7]

References

  1. ^ Tan, Dawn Wei (2008-10-05), "From Stutter To Charisma", The Straits Times 
  2. ^ a b Lloyd-Smith, David (2004-04-05), "The Moisture Merchant: Dealing in Liquid Assets", Time Magazine, http://www.time.com/time/2004/innovators/200404/story.html, retrieved 2008-01-15 
  3. ^ a b c d Lum, Olivia (2007-06-04), "Toilet was just a squat pan; Group CEO and president of Hyflux Olivia Lum recounts a childhood of extreme poverty", The Electric New Paper (Singapore), http://newpaper.asia1.com.sg/printfriendly/0,4139,132153,00.html, retrieved 2008-01-15 
  4. ^ a b Zhang, Lihong (2005-10-06), "新加坡“水之女皇”林爱莲 幽默随和的美丽女人/Singapore's 'Queen of Water' Olivia Lum - a humorous, amiable beauty" (in Chinese), Xinhua News, http://news.xinhuanet.com/world/2005-10/06/content_3587618.htm, retrieved 2008-01-15 
  5. ^ Loh, Kim Chin (2005-09-07), "Hyflux founder is first and only woman on Forbes' SEAsia Rich list", Channel NewsAsia, http://southeast-asia-news.newslib.com/story/3042-2389228/, retrieved 2008-01-17 
  6. ^ Subramaniam, Shivaranjani (2009-06-22), "Olivia Lum", Singapore Infopedia, National Library of Singapore, http://infopedia.nl.sg/articles/SIP_1535_2009-06-23.html, retrieved 2009-07-21 
  7. ^ Lee, Jamie (2008-09-09), "Hyflux chief to leave SGX board", Business Times (Singapore) 

External links


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • Olivia Lum — Nom de naissance En mandarin : 林爱莲 Profession Fondatrice, présidente et CEO de Hyflux Olivia Lum (en mandarin : 林爱莲), née à Kampar en Malaisie, est la fondatrice, présidente et CEO de Hyflux …   Wikipédia en Français

  • Lum — or LUM may refer to: * Alfa Lum cycling team * IBM LUM (licence use management) * Lao Lum, an ethnic group of Laos *The Scots language term for chimney As a given name or surname, it may be: *Lum, a Chinese Hakka surname (蓝) *Lum (surname), an… …   Wikipedia

  • Kampar, Perak — Kampar is a town in the state of Perak, Malaysia. Founded in 1887, the town lies within the Kinta Valley, an area rich with tin reserves. It was a tin mining town which boomed during the heights of the tin mining industry. There were many tin… …   Wikipedia

  • Nominated Member of Parliament — Singapore This article is part of the series: Politics and government of Singapore Constitution Legislature …   Wikipedia

  • List of Singapore-related topics — This is a list of topics related to Singapore. For a similar list in alphabetical order, see list of Singapore related topics by alphabetical order. Those interested in the subject can monitor changes to the pages by clicking on Related changes… …   Wikipedia

  • List of Singapore-related topics by alphabetical order — This is a list of Singapore related topics by alphabetical order. For a list by topic, see list of Singapore related topics. Those interested in the subject can monitor changes to the pages by clicking on Related changes in the sidebar. A list of …   Wikipedia

  • National University of Singapore — Coat of Arms of NUS Established 1905 (1905) Type Autonomous Endowment …   Wikipedia

  • List of overseas Chinese — A list of famous people with Chinese ancestry living outside of the Republic of China and the People s Republic of China.Leaders and politicians Asia *Steve Chia, politician, Singapore 谢镜丰 *Chia Thye Poh, communist activist, Singapore 謝太保 *Chiam… …   Wikipedia

  • Hwa Chong Junior College — (zh c|c=华中初级学院) was a junior college in Singapore founded in 1974. On 1 January 2005, Hwa Chong JC merged with The Chinese High School to form Hwa Chong Institution. Overview Founded in 1974, Hwa Chong Junior College (HCJC) has, since its… …   Wikipedia

  • Hwa Chong Institution — Infobox School name = Hwa Chong Institution (zh c|c=华侨中学) imagesize = 100px caption = motto = Zi Qiang Bu Xi (自强不息) established = 1 January 2005 from the merger of The Chinese High School (est. 21 March 1919) Hwa Chong Junior College (est. 1974)… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”