Chu Jenn Weng (朱振荣) of ViTrox Corporation Bhd was named the EY Entrepreneur Of The Year™ (EOY) 2022 Malaysia at an award ceremony hosted by EY earlier this evening. Chu was also named the winner of the Master Entrepreneur category. The 53-year-old President and CEO of ViTrox was selected from among 13 Top Nominees vying for the title.
Chu will represent Malaysia on the international stage in June 2023 to compete for the EY World Entrepreneur Of The Year™ (WEOY) 2023 award in Monte Carlo, Monaco.
Under Chu’s stewardship, ViTrox launched its first 3D vision inspection system for semiconductor components in 2004 and raced on to become what it is today - a global industry leader in machine vision technology.
ViTrox grew from three employees in 1997 to over 800 in 2021, achieving RM680 million in revenue. The company has received the prestigious Global Technology Awards for advanced X-ray inspection and optical inspection consecutively over the last ten years and has won numerous other recognitions for its outstanding performance in its business, products, and technology, as well as in human resource development.
Philip Rao, Partner, Ernst & Young Consulting Sdn. Bhd. and EOY Malaysia Programme Director said, “Chu Jenn Weng is an inspiring visionary and leader whose story profoundly reflects ‘The Unstoppable’ attributes of an exceptional entrepreneur. Chu strives to build a winning team at ViTrox by leading the company on a solid sustainable five-theme strategy as a go-green practitioner; accountable purchaser; caring employer; trusted corporation, and a promoter of sustainable governance. Today, ViTrox continues to expand its presence in more than 600 sites across 46 countries, aiming to become the world’s most trusted vision inspection solution company.”
Dato’ Abdul Rauf Rashid, Malaysia Managing Partner, Ernst & Young PLT said, “The EOY programme is about recognizing the entrepreneurial spirit of extraordinary men and women who have gone on to build and open doors for themselves and countless others. Even during the most challenging times, they have stepped up and persevered against all odds in pursuing their unstoppable ambition for a better working world that is equitable and sustainable.”
“Through their business, these entrepreneurs are continuously revitalizing the business landscape, by introducing new and innovative services and products, and creating jobs and wealth. They also transform lives by contributing to the economy and society, and along the way, they are inspiring other budding entrepreneurs to follow suit,” he added.
In his address at the event, Deputy Finance Minister II, YB Steven Sim Chee Keong reaffirmed the Government’s commitment and support of entrepreneurship in Malaysia, “It is vital that we fortify existing programmes and initiatives to further accelerate digitalization and the adoption of new, cutting-edge technologies, nurture an ecosystem that promotes public-private partnerships in spurring greater innovation, upskill our talent and develop future workforce and entrepreneurs.
“I wish to commend and congratulate EY for celebrating 21 years of the EOY award programme in Malaysia and for your pivotal role in fostering principled entrepreneurship in Malaysia over the years,” he continued.
EY also presented four other awards for entrepreneurial excellence to the following individuals:
- EY Emerging Entrepreneur Of The Year 2022 Malaysia – Nicole Lim (林慧棋), Chief Executive Officer, Empire Sushi Sdn. Bhd
- EY Technology Entrepreneur Of The Year 2022 Malaysia – Sashi Kumar A. Kovindasamy, Chief Executive Officer, ATX Distribution Sdn. Bhd.
- EY Woman Entrepreneur Of The Year 2022 Malaysia – Anna Teo (张丽珠), Founder and Chief Executive Officer, Hernan Corporation Sdn. Bhd.
- EY Master Entrepreneur Of The Year 2022 Malaysia – Chu Jenn Weng (朱振荣), President and Chief Executive Officer, ViTrox Corporation Bhd.
The four recipients, as well as the overall country award recipient, were selected by an independent panel of judges guided by a set of global standard criteria. The EY Entrepreneur Of The Year 2022 Malaysia panel of judges comprised the following individuals:
- Ms Low Ngai Yuen - Group Chief Merchandise and Marketing Officer, AEON (M) Bhd
- Mr Kamarul A Muhamed - Founder and Group CEO, Aerodyne Group
- Tan Sri Datuk Dr Rebecca Sta Maria - Executive Director, Asia-Pacific Economic Cooperation (APEC) Secretariat
- Datuk Parmjit Singh, CEO, Asia Pacific University of Technology & Innovation
- Datuk Muhamad Umar Swift - CEO, Bursa Malaysia Bhd
- Dato' Hazimah Zainuddin - Founder and Group Managing Director, Hyrax Oil Sdn Bhd
- Mr Raymond Siva – Senior Vice President Digital Investment, Malaysia Digital Economy Corporation (MDEC)
The EOY 2022 Malaysia programme is also proud to have these organisations join EY in support of entrepreneurship:
- BFM Media Sdn Bhd
- Bits and Pixels Sdn Bhd
- Bursa Malaysia
- Credit Suisse
- Nanyang Siang Pau Sdn Bhd
- The Edge Malaysia and The Edge CEO Morning Brief
For more information about the EOY Malaysia programme, please visit www.ey.com/my/eoy
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About EY Entrepreneur Of The Year™
EY Entrepreneur Of The Year™ is the world’s most prestigious business awards program for unstoppable entrepreneurs. These visionary leaders deliver innovation, growth and prosperity that transform our world. The program engages entrepreneurs with insights and experiences that foster growth. It connects them with their peers to strengthen entrepreneurship around the world. EY Entrepreneur Of The Year is the first and only truly global awards program of its kind. It celebrates entrepreneurs through regional and national awards programs in more than 145 cities in over 60 countries. Winners go on to compete for the EY World Entrepreneur Of The Year™ title. ey.com/eoy
About EY
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This news release has been issued by Ernst & Young Consulting Sdn Bhd, a member of the global EY organization.
