Chief executive officer for Temasek Holdings, Ms Ho Ching, will be on sabbatical leave for three months, said the state investor in a statement on Wednesday.
No reasons were given for the leave. A Temasek spokesperson told Reuters that the leave “is not related to any retirement plans”.
Ms Ho, who is also the wife of Prime Minister Lee Hsien Loong, will continue with her Board duties and specific stewardship duties, said Temasek Holdings.
“Mr Lee Theng Kiat, President of Temasek, will cover her on all normal course of business at Temasek as an investor and shareholder, as an institution, and as a steward,” said Temasek Holdings in the statement.
Ms Ho, 61, joined Temasek as a director in January 2002 and has been its CEO since January 2004.
Source: http://business.asiaone.com
