Singapore’s Neptune Orient Lines (NEPS.SI), the world’s sixth biggest container shipping firm, said current CEO Ron Widdows will retire by end of 2011 and will be replaced by a senior executive from state investor Temasek Holdings.
Ng Yat Chung, a former chief of Singapore’s defence force and a senior executive at Temasek, will be appointed as executive director from May 1 this year and will takeover as president and CEO on January 1 2012, NOL said in a statement.
Ng Yat Chung, a former chief of Singapore’s defence force and a senior executive at Temasek, will be appointed as executive director from May 1 this year and will takeover as president and CEO on January 1 2012, NOL said in a statement.
Temasek owns around two-third of NOL.
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