Charles Goodyear to lead Temasek

Feb 8, 2009

Temasek says Ho Ching will stand down as CEO later this year and be replaced by former BHP Billiton boss Charles Goodyear.

In a surprising move, Temasek Holdings said on Friday that Charles "Chip" Goodyear will replace Ho Ching as chief executive officer on October 1 this year. The former boss of the leading Anglo-Australian mining group, BHP Billiton, will be the first foreigner to run Temasek, one of two Singapore government investment companies, which had assets worth S$185 billion ($123 billion) as of March 30, 2008, according to the latest information on its website.

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