05 Oct '11, 8am

Temasek Holdings president steps down, is the second to do so in three months

SINGAPORE - Temasek Holdings, Singapore's state-owned investment company, said Mr Hsieh Fu Hua stepped down as president, becoming the second executive to leave the post in three months. Mr Hsieh relinquished his executive position after 13 months "to make room for personal priorities," Mr Stephen Forshaw, a spokesman for Temasek said in an e-mailed statement today. The former chief executive officer of Singapore Exchange Ltd will continue with his non-executive responsibilities as a Temasek board member, and chairman of Fullerton Fund Management Company Ltd, ST Asset Management Ltd and the Stewardship and Corporate Governance Centre, which is backed by the investment firm. Temasek has faced changes at the top in the past two years since it parted ways with former BHP Billiton Ltd head Charles "Chip" Goodyear, who was going to replace Mdm Ho Ching as CEO, over differences ...

Full article: http://www.todayonline.com/Singapore/EDC111005-0000458/Te...

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