Article: People.(NEWS)

Singapore SWF switches gears on new CEO

Charles "Chip Goodyear is walking away from an agreement to become CEO of Temasek Holdings, Singapore's S$127 billion (US$88 billion) sovereign wealth fund, according to a news release from Temasek.

Ho Ching, current CEO and the wife of Singapore Prime Minister Lee Hsien Loong, will continue as CEO.

Mr. Goodyear, who was born in the U.S. and received an MBA from the Wharton School of Finance, would have been the first non-Singaporean to serve in the post. He became CEO-designate on March 1 and was due to take over Oct. 1. But the Temasek board and Mr. Goodyear "concluded that there are differences ...

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