Charles Chip Goodyear will not, after all, become the first foreigner to run Temasek Holdings, the Singapore government investment company. The surprise announcement comes just four months into the leadership transition period, which should have ended with Goodyear taking over the reins from Ho Ching on October 1.
According to a statement released by Temasek late yesterday afternoon, the board of directors and Goodyear have concluded and accepted that there are differences regarding certain strategic issues that could not be resolved. Hence they both decided that it is in their mutual interests to end the leadership transition process from August 15, at which time Goodyear will also step down from the board. Goodyear...
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