The 41-year-old Lim holds a masters in maths from Imperial College, plus a masters in commercial and corporate law as well.
The appointment came just three days after Fu Yu announced settlements with various individuals, including Lim, over probes related to a subsidiary, Fu Yu Supply Chain Solutions.
The probe was launched under a previous management team and board.
Lim, with around 224.4 million Fu Yu shares, just shy of 30%, had spent time last year trying to join the previous board and when his request was blocked, he then tried to oust certain directors by making numerous EGM requisitions.
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According to the various announcements put out by Fu Yu disclosing Lim's EGM requisitions, Lim was unhappy with the company's performance.
All three former Fu Yu IDs quit in June after an AGM, citing "differences" and in November, the newly-constituted board terminated the appointment of CEO David Seow.
According to Fu Yu in an announcement on Nov 6, Seow alleged that he was terminated wrongfully and has been defamed, and in a letter to Fu Yu dated Nov 4, asked for more than $2 million in damages.
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Fu Yu has not provided further updates on Seow since then.
Fu Yu shares closed at 10 cents on Jan 30, up 3.03% for the day but down 21.54% in the past year.
