Singapore: Temasek Holdings and Mr Charles (“Chip”) W. Goodyear have mutually agree not to proceed with the CEO appointment that was to have taken effect on 1 October 2009.
Mr Goodyear was appointed a Member of the Board of Directors of Temasek Holdings (Private) Limited on 1 February and CEO-Designate on 1 March to to succeed Ms Ho Ching as CEO.
In a news release issued Tuesday evening, Temasek said that four months into the leadership transition, the Board and Mr Goodyear concluded and accepted that there are differences regarding certain strategic issues that could not be resolved.
In light of the differences, both parties decided that it is in their mutual interests to terminate the leadership transition process and hence the executive relationship with effect from 15 August 2009.
Mr Goodyear will also step down from the Temasek Board effective the same date.
Source :
http://www.channelnewsasia.com./stor...443811/1/.html 
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