As part of Temasek’s board renewal process, Temasek’s deputy chairman, Cheng Wai Keung, as well as director Stephen Lee, will retire on June 30. Cheng retires after 14 years of service while Lee will have served for eight years at the time of his retirement.
Retired minister Teo Chee Hean will succeed Lim Boon Heng to become Temasek’s fifth chairman.
Teo will join Temasek’s board of directors as deputy chairman on July 1. He will take over as chairman on Oct 9, after the conclusion of Temasek’s third-quarter board meeting this year.
