Malaysia: MDEC’s Yasmin Mahmood to step down as CEO

MDEC's Yasmin Mahmood
Yasmin Mahmood, CEO, MDEC

Malaysia Digital Economy Corporation (MDEC) CEO Yasmin Mahmood announced that she has tendered her resignation and will relinquish all positions within MDEC, effective January 15, 2019, the agency said in a statement on Thursday.

“It is with a heavy heart that I am tendering my resignation as CEO of MDEC to pursue a role with a tech venture in Jakarta.

“It has been an absolute honour to have served in this position for the last four years and three months. I have put my heart and soul into the role to bring MDEC to a higher level of effectiveness and relevance, not only with the initiatives and strategies we’ve implemented but also with the cultural transformation of the people in MDEC,” said Yasmin, who joined the agency as CEO in September 2014.

Prior to joining MDEC, Yasmin served stints with HP, Dell and was most recently the managing director of Microsoft Malaysia.

A management committee will be activated as part of the transition plan to oversee the agency’s operations during the process of appointing a new CEO, said MDEC.

“We thank Yasmin for her stewardship in leading MDEC and all her contributions to the digital economy ecosystem. Her passion, commitment and energy in seeing things through to the very end has benefited Malaysia throughout the years,” said Malaysian minister of communications and multimedia Gobind Singh Deo.

In June, Yasmin voluntarily went on six weeks’ leave pending an investigation into MDEC’s Asean Data Analytics Exchange project due to concerns of a conflict of interest between the programme managers and training providers. The Malaysian Anti-Corruption Commission then confirmed no element of bribery or misuse of power had been found against her.

Two weeks ago, Malaysian Global Innovation & Creativity Centre (MaGIC) CEO Ashran Ghazi had also announced his resignation with effect from December 12, 2018. He declined to reveal if the Ministry of Entrepreneur Development has identified a successor for his role.

MDEC was established in 1996 to develop Malaysia’s digital economy by driving investments, building local tech leaders, catalysing digital innovation ecosystems and propagating digital inclusitivity.

Also read:

Malaysia: MaGIC CEO Ashran Ghazi to step down

Malaysia offers ‘test-bed’ for startups seeking to scale: MDEC