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Teo Chee Hean, former Singapore minister, set to become chairman of Temasek Holdings in October.
Former Singapore Cabinet minister Teo Chee Hean will take over as chairman of Temasek Holdings, a major Singapore state investor, on October 9, succeeding Lim Boon Heng who steps down after 12 years.
Under Lim's leadership, Temasek's net portfolio value grew from $223 billion to $389 billion.
Teo joins the board as deputy chairman on July 1.
Three current board members will also retire by July 31.
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Teo Chee Hean, antiguo ministro de Singapur, se convertirá en presidente de Temasek Holdings en octubre.