Monday, February 9, 2009

Goodyear replace Ho Ching

The Board of Directors of Temasek Holdings (Private) Limited (Temasek) last week announced a leadership transition – Mr Charles (Chip) W. Goodyear will succeed Ms Ho Ching as Chief Executive to lead the Singapore investment company.

Goodyear, 51, an American, joined the Temasek Board on 1 February. He assumes the position of CEO-Designate on 1 March and will succeed Ms Ho on 1 October 2009. Goodyear retired from BHP Billiton on 1 January 2008 after leading the world’s largest diversified resources company through its rapid growth and expansion.

The appointment and leadership transition will further strengthen Temasek’s Board and management. The Board, including Ms Ho, has been addressing succession planning annually since early 2005.

Incorporated in 1974, Temasek Holdings is a global investment firm headquartered in Singapore. Supported by affiliates and offices around the world, it holds and manages a diversified S$185 billion (US$134 billion) portfolio as at 31 March 2008, concentrated principally in Singapore, Asia and the OECD economies.

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