Channel NewsAsia
Posted: 21 July 2009 1756 hrs
Singapore: Temasek Holdings and Mr Charles (“Chip”) W.
Goodyear have mutually agree not to proceed with the CEO
appointment that was to have taken effect on 1 October 2009.
Mr Goodyear was appointed a Member of the Board of Directors of
Temasek Holdings (Private) Limited on 1 February and CEO-Designate
on 1 March to to succeed Ms Ho Ching as CEO.
In a news release issued Tuesday evening, Temasek said that four
months into the leadership transition, the Board and Mr Goodyear
concluded and accepted that there are differences regarding certain
strategic issues that could not be resolved.
In light of the differences, both parties decided that it is in
their mutual interests to terminate the leadership transition
process and hence the executive relationship with effect from 15
August 2009.
Mr Goodyear will also step down from the Temasek Board effective
the same date.
I wonder who he offended?
