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

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

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.