Ho Ching To Retire From CEO, Temasek Board Roles Oct 1

By Massita Ahmad SINGAPORE, Feb 9 (Bernama) -- Ho Ching will be retiring from her role as the executive director and chief executive officer (CEO) of Temasek Holdings and step down from the state investor’s board on Oct 1, 2021. She will be succeeded by Dilhan Pillay Sandrasegara, who will concurrently retain his role as CEO of Temasek International. Announcing the change on Tuesday, Temasek Holdings chairman Lim Boon Heng said leadership succession is a strategic responsibility of the board. “We have had in place an annual review since the early 2000s. This is to enable the board to be prepared for all eventualities, with various succession options over different time horizons,” he said in a statement Tuesday. Lim noted that Ho Ching, who has been with Temasek over nearly two decades, has been very much part of this process. Temasek’s portfolio stood at S$90 billion, mostly in Singapore, when Ho Ching was first appointed as CEO in 2004. Its portfolio has since tripled to over S$300 billion, notwithstanding the impact of the global financial crisis and the ongoing COVID-19 crisis. Meanwhile, Ho Ching said Temasek is a remarkable institution with deep roots in the ethos and founding values of Singapore. “I have been privileged to be part of an incredible journey over these two decades at Temasek,” she added. -- BERNAMA