Former senior minister Teo Chee Hean to be next Temasek chairman, taking over from Lim Boon Heng

Former senior minister Teo Chee Hean will be the new chairman of Singapore's investment company Temasek, succeeding Mr Lim Boon Heng, who will be stepping down on Oct 9, 2025.

- Timothy Goh

Mr Teo will first join Temasek's board as deputy chairman on July 1, before taking the helm in October.

Mr Lim has served as the chairman for 12 years, notably guiding Temasek's global expansion and supporting the fight against the Covid-19 pandemic, among other efforts such as in corporate governance and sustainability.

In a separate statement, Prime Minister Lawrence Wong said: "I thank Mr Lim for his dedicated service at Temasek - under his stewardship, Temasek has expanded its global presence, strengthened its governance processes, and established itself as a leader in sustainable development.