Southeast Asia’s largest integrated car eCommerce platform CARSOME Group Inc. (CARSOME or The Group), today announced the appointment of Yeoh Oon Jin to its Board as its first Independent Director, effective from 30 June 2023. Yeoh commenced as Chairman of the Group’s Audit Committee on the same date.
Yeoh brings to the table a wealth of experience and knowledge in corporate governance, risk management, organizational strategy, people and culture, and digital transformation. His guidance will be pivotal as CARSOME grows into the next phase of maturity and builds an effective and independent Board. Driven by its mission to deliver excellent customer experience within the used car industry, CARSOME is working towards establishing the world’s first integrated car ownership ecosystem in Southeast Asia, whilst embracing long-term sustainability through operational excellence.
In addition to being a Board Member at Singapore Exchange Limited, he serves as the Chairman of the Singapore Land Authority, and Vice Chairman and Audit Committee Chair at the Singapore Business Federation. He is also a member of the Corporate Governance Advisory Committee of the Monetary Authority of Singapore. Beyond these corporate engagements, Yeoh serves the non-profit sector as Director and Audit Committee Chairman of the Kidney Dialysis Foundation and Independent Governor for the Lien Foundation.
Yeoh was the Executive Chairman of PricewaterhouseCoopers LLP (PwC) Singapore before his retirement in June 2021. As part of an illustrious 38-year career with PwC, he served within the firm’s leadership team for more than 15 years, chairing several regional joint ventures such as PwC SEA Consulting and PwC SEA Corporate Finance. In addition, he was a member of the PwC Strategy Council, which sits leaders from the largest 21 firms in the PwC global network. Representing CARSOME’s Board of Directors, CARSOME Co-founder, and Chief Executive Officer Eric Cheng said, "CARSOME is extremely fortunate to welcome Yeoh into our fold, as we strive to go beyond buying and selling used cars to further elevate the customer experience in the automotive industry. His exceptional acumen in finance, digital transformation, and business strategy, combined with his position as a corporate governance stalwart, bodes well for our next chapter to establish world-class governance, operational and ecosystem excellence. We are inspired by his proficiency in navigating regional business dynamics, which will be valuable in our expansion and ongoing mission to revolutionize the automotive ownership landscape in Southeast Asia.”
Commenting on his appointment, Yeoh said, “I am honored to join the distinguished Board of CARSOME. I strongly resonate with the Company's visionary approach toward transforming the automotive industry in Southeast Asia. CARSOME is at a very exciting and critical stage of maturing its business model in an industry that holds great potential. I look forward to working collectively with the Board and the team to shape the future of mobility in some of Southeast Asia’s rapidly developing markets.”
Yeoh is a member of the Institute of Chartered Accountants in England and Wales as well as the Immediate Past President of CPA Australia, Singapore Chapter. He graduated with a First-Class Honors (Accounting) from the University of Birmingham, England.
In addition to its proficient Board, CARSOME also benefits from the guidance of an insightful Advisory Board, which promotes a deeper understanding of regional technology landscapes. Its members bring unique specializations, perspectives, and experiences in building and scaling tech companies in Southeast Asia. The Advisory Board currently comprises four esteemed members: Nicholas Nash, Managing Partner and Co-founder of Asia Partners; Harish Bahl, Founder of Smile Group; Pandu Sjahrir, Managing Partner of Indies Capital; and Dan Neary, Vice President of Meta Asia Pacific.
CARSOME has been actively reshaping Southeast Asia’s used car industry through its innovative data and tech-driven approaches, offering trust, transparency, and choice to elevate the automotive ownership experience. Operating in Malaysia, Indonesia, Thailand, and Singapore, CARSOME sold over 150,000 cars in 2022 and serves more than 15 million unique customers monthly across its diverse online and offline channels in the region.