Reuters, 6 Feb 2009, Kevin Lim and Saeed Azhar
SINGAPORE, Feb 6 (Reuters) - Ho Ching will step down as the chief executive of Singapore state investor Temasek Holdings, as it faces a difficult time after a turmoil in global markets slashed the value of its investments.
Chip Goodyear, the former CEO of BHP Billiton, will replace Ho, wife of Singapore Prime Minister Lee Hsien Loong, on Oct. 1. The move will help Temasek to build a more global image from a fund viewed in some quarters as an agent of the Singapore government.
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