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Sovereign Wealth Funds Briefing - Categorized | People

Temasek’s CEO Widdows to retire

Posted on 26 April 2011

Singapore’s Neptune Orient Lines , the world’s sixth biggest container shipping firm, said current CEO Ron Widdows will retire by the end of 2011 and will be replaced by a senior executive from state investor Temasek Holdings.
Widdows, an industry veteran who pulled back from a potential acquisition of German rival Hapag-Lloyd in 2008 and then steered the company through the global financial crisis, will remain a senior adviser after he steps down this year……………………………………….Full Article: Source


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