THE Central Provident Fund (CPF) Board will have a new chairman from next month.
He is Mr Chiang Chie Foo, the permanent secretary for the Defence Ministry, who will replace Mr Koh Yong Guan. Mr Chiang, 57, will hold his new post while continuing to be the ministry's permanent secretary.
Mr Koh, 66, would have completed two terms at the helm of the CPF Board when he steps down from his post at the end of this month.
He has been chairman of the CPF Board for eight years.
In announcing the change yesterday, the Ministry of Manpower - which oversees the CPF Board - said Mr Chiang has held many leadership positions in the civil service and is thus "well placed to lead the CPF Board".
The Manpower Ministry, in its statement, also thanked Mr Koh for his "distinctive contributions" to the CPF Board.
"Mr Koh provided strategic leadership to the board and improved its organisational performance and capabilities."
It highlighted, among other things, his role in developing and implementing the CPF Life annuity scheme.
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