No change to company's top leadership for now

No change to company's top leadership for now

SINGAPORE - Temasek Holdings has an ongoing succession plan in place even as it said on Thursday that there were no plans for changes in its top leadership.

Temasek's head of investments Chia Song Hwee told the media on Thursday that both the firm's chairman and chief executive remain "very engaged" with the firm.

"Our chairman and CEO remain the same. They are very engaged with us," he said at Temasek's annual results briefing on Thursday.

There has been perennial speculation over who will take over from CEO Ho Ching after then CEO-designate Charles Goodyear left the firm in 2009 citing "unresolved strategic differences".

More recently, there has been growing speculation over whether chairman S. Dhanabalan will step down and who will succeed him. Mr Dhanabalan, 75, has served as Temasek chairman since 1996.

When asked if there are already shortlisted candidates for the posts of chairman and CEO, Mr Chia said that succession planning is an "ongoing process".

"It needs diligence and constant review. It is an ongoing process but right now there is no change," said Mr Chia, adding that succession planning remains a board decision.

One candidate who has surfaced as a possible successor to Mr Dhanabalan is Mr Lim Boon Heng, 65, a former Cabinet minister and the secretary-general of the National Trades Union Congress (NTUC) between 1993 and 2006.

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