COMPANIES Temasek Holdings named Charles “Chip” Goodyear, the former head of mining group BHP Billiton, as its new chief executive to replace Ho Ching, the wife of Singapore’s prime minister, in a surprise transition at the high-profile sovereign wealth fund on Friday.
Mr Goodyear’s appointment heralds a possible change of investment emphasis for the S$185bn (US$124bn) fund towards natural resources rather than financial services, a sector in which Temasek has recently made massive paper losses in banks, such as Merrill Lynch.
