Goodyear refused Ho or will continue to be Temasek's CEO

Source: Internet
Author: User
Keywords Temasek continue or will be
Singapore's Temasek Holdings (PTE) Limited announced July 21 that it had reached an agreement with Goodyear (Charlesw.goodyear) that it would not become Temasek's CEO. Goodyear was appointed director of Temasek on February 1 and was appointed as CEO on March 1.  According to the original plan, he will replace Ho this October 1, as Temasek CEO.  Goodyear previously served as the chief executive of the mining giant BHP Billiton. Temasek said that 4 months after the handover, Temasek's board and Goodyear had learned that the two sides had different views on some of the strategic issues and that it was difficult to unify them. In this case, the two sides believe that it is in the mutual interest of the parties to suspend the management's handover and to cancel the appointment of Goodyear. The decision will come into force August 15 this year.  Goodyear will also resign as Temasek's director of the same day.  It is said that Ho, the current Temasek executive director and President, will continue to serve as Temasek's CEO. "I am very sorry that we cannot continue this management handover," Goodyear said. Temasek is an excellent platform. Temasek Holdings (PTE) Limited was established in 1974 as a global investment company headquartered in Singapore.
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