Temasek Holdings Appoints Charles W. Goodyear as Member of the Board and CEO-Designate

Chip Goodyear

According to the press release, “the Board of Directors of Temasek Holdings (Private) Limited Temasek today announced a leadership transition – Mr Charles Chip W. Goodyear will succeed Ms Ho Ching as Chief Executive to lead the Singapore investment company.

Mr 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. Mr 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.

Temasek Chairman, Mr Dhanabalan said, ‘Ho Ching has been instrumental in bringing Chip on board. We have been working on this appointment for more than a year.’

Mr Dhanabalan added that Mr Goodyear shares the vision and values that underpin Temasek as a key Singapore institution and an international investment company. ‘Chip presents a rare and unusual combination of investment and operational experience that can support the continued transformation of Temasek,’ he said.

‘Chip’s leadership and business experience, and his demonstrated capability in developing strong management teams give us the confidence that he will make a difference to Temasek just as Ho Ching and her predecessors have done over the last three decades.’

Ms Ho and Temasek’s management helped shape the Singapore company into a respected international investor.”

read more: Temasek Press Release

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