Former Senior Minister Teo Chee Hean to Lead Temasek Holdings, Taking Over From Lim Boon Heng
Teo Chee Hean Named Next Temasek Chairman, Succeeding Lim Boon Heng
Singapore’s state investment firm Temasek Holdings is set for a leadership change as former Senior Minister Teo Chee Hean is appointed its new chairman. He will take over from Lim Boon Heng, who will step down on October 9, 2025, after 12 years of service.
Transition Plan: Teo Chee Hean to Join as Deputy Chairman Before Leading Temasek
Mr Teo will first join Temasek’s board as deputy chairman starting July 1, 2025. This move will ensure a smooth transition before he assumes the chairman role in October the same year.
Lim Boon Heng’s Legacy at Temasek
During his 12-year tenure, Mr Lim played a key role in Temasek’s global expansion, strengthening corporate governance, and championing sustainability efforts. Notably, he supported Singapore’s fight against the Covid-19 pandemic by guiding Temasek’s strategic investments and initiatives.
Prime Minister Lawrence Wong’s Tribute to Lim Boon Heng
Prime Minister Lawrence Wong praised Mr Lim’s leadership, saying:
“I thank Mr Lim for his dedicated service at Temasek – under his stewardship, Temasek has expanded its global presence, strengthened its governance processes, and established itself as a leader in sustainable development.”
What This Means for Temasek and Singapore’s Future
Teo Chee Hean’s appointment reflects a continuation of steady leadership for one of Singapore’s most important investment arms. His experience in government and public service will be crucial as Temasek navigates global economic challenges and continues to invest in sustainable growth.
Final Thoughts: A New Chapter for Temasek Holdings
With a clear succession plan in place, Temasek Holdings is well-positioned to maintain its role as a global investment powerhouse. Teo Chee Hean’s leadership marks a new chapter for Temasek, promising stability and forward-looking growth.
