Singapore's Temasek Holdings announced recently the appointment of Png Chin Yee as the new CFO, replacing the outgoing predecessor Leong Wai Leng.
According to the company, Png is the current deputy CFO. His CFO appointment will become effect from Jan 1, 2023.
Leong will resign to take up the role of CEO at Temask’s fund management unit 65 Equity Partners, after 16 years being the CFO of Temasek.
The changes are part of the company’s succession planning for key leadership positions w, which will see the evolution of the senior leadership team that will carry Temasek through its 2030 journey and beyond, a Temasek spokesperson was quoted as saying in a Bloomberg report.