According to Steven Tham, Chairman and CEO of Leeden National Oxygen Ltd, a successful entrepreneur must possess three key qualities: the ability to anticipate changes in the business environment, the courage to execute strategies and see them through, and the skill to leverage human talent effectively.
These principles have guided Leeden National Oxygen Ltd, a leading manufacturer and distributor of welding, industrial gas, and safety products since its establishment in May 1964. Today, the company is the largest integrated solutions provider in Southeast Asia, boasting an annual turnover exceeding S$200 million.
Evolution and Industry Leadership
Employing 1,563 people, Leeden National Oxygen has transformed from a product distributor and manufacturer into a value-added integration specialist. The company serves key industries such as oil and gas, marine, infrastructure, and manufacturing, catering to clients ranging from fabrication firms and shipbuilders to infrastructure contractors and automobile manufacturers.
In a highly competitive industry with low barriers to entry, product positioning and marketing are crucial. Mr. Tham emphasizes the importance of selecting high-quality products that offer reliability and performance, ensuring the company remains a trusted partner in the market.
Leadership and Business Acumen
Mr. Tham’s strong foundation in business stems from his academic background. He holds a Bachelor of Business Administration with Honours from the University of Singapore, completed the Chartered Institute of Management Accountants (CIMA) program, and earned a Master of Science in Real Estate from the same university.
However, his leadership abilities were shaped by his experience as an officer in the Singapore Armed Forces during National Service. Additionally, his tenure under Kwek Leng Beng, Executive Chairman of Hong Leong Group, provided valuable insights into financial prudence—knowing when to take risks and when to exercise caution.
Defining Success
For Mr. Tham, success extends beyond financial achievements. A truly successful person, in his view, maintains a balanced life, nurturing family relationships, enjoying recreation, and giving back to society. While he has no immediate plans to retire, he envisions Leeden National Oxygen evolving into a larger, more stable enterprise over the next decade. At 73, he hopes to continue contributing as an advisor while indulging in personal passions such as golf, reading, and skiing holidays with his family.
Advice for Future Leaders
To aspiring corporate leaders, Mr. Tham offers practical wisdom—have a strong vision, execute it well, and exercise patience. He advises against rushing into business without adequate experience and financial stability. A thorough understanding of the industry, careful assessment of risks and rewards, and a unique value proposition are essential for long-term success.
By adhering to these principles, Leeden National Oxygen Ltd continues to grow and strengthen its position as an industry leader, demonstrating the power of strategic vision and decisive leadership.
