The Wall Street Journal - Deal Journal, 9 Feb 2009
One potential benefit for Singaporean sovereign-wealth fund Temasek Holdings by hiring former BHP Billiton chief Charles “Chip” Goodyear as its new CEO: the move could be a way for the roughly $134 billion fund to tamp down criticism that sovereign-wealth funds are too closely tied to their governments.
The appointment of Goodyear, who will succeed Ho Ching, wife of Singapore’s prime minister, means Temasek’s investments will actually now be overseen by two foreigners: executive director Simon Israel, who will work under Goodyear, is a New Zealander who joined Temasek in August 2005 from food-giant Danone, where he was Asia Pacific chairman. Goodyear will start March 1 as Temasek’s CEO-designate and take over formally from Ho on Oct. 1.
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