PETALING JAYA: Tan Yu Yeh, founder and major shareholder of Mr DIY Group, will step down from his role as Executive Vice-Chairman on 17 April 2025 to assume an advisory position within the home improvement retail giant.
In a filing with Bursa Malaysia, Mr DIY confirmed that Tan, 54, will transition into a strategic advisory role, marking a significant shift for the company he founded and led to become one of Southeast Asia’s leading home improvement chains.
Tan holds a 50.04% stake in Mr DIY via his investment vehicle, Bee Family Ltd, along with a direct stake of 0.32%. He has served as Executive Vice-Chairman since June 2016. With an estimated net worth of US$1.3 billion, Tan currently ranks 17th on the Forbes Malaysia Rich List.
The company also announced a leadership update, naming Tan Shie Haur, Tan’s 42-year-old nephew, as Non-Independent and Non-Executive Director, effective the same day. Shie Haur is currently the CEO of MDIH (Singapore) Pte Ltd, a holding company with retail operations aligned with Mr DIY’s model in multiple international markets including Turkey, Spain, Vietnam, Bangladesh, Poland, Romania, and South Africa.
Tan’s move to an advisory role signals a generational shift within the group while maintaining strategic continuity at the leadership level. The company’s latest leadership reshuffle is seen as a step toward reinforcing its global expansion ambitions.
