Following the earlier announcement of Teo Chee Hean as Chairman of the Temasek Board with effect from October 9, 2025, Temasek Holdings has appointed Tan Chong Meng as Deputy Chairman, effective the same date.

Temasek said in a statement on Wednesday that as part of the Board transition, Lim Boon Heng, who will be stepping down as Chairman, has accepted Temasek’s invitation to stay on as a Senior Advisor.

This will enable the board and management to tap on his extensive network and insights on key issues.

Tan has served as a non-executive Director on the Temasek Board and as a member of its Executive Committee since April 1, 2024, drawing on his decades of leadership experience across global trade, infrastructure, supply chains, energy, and healthcare.

He had a 40-year executive career spanning both private and public service, including 12 years as the Group Chief Executive Officer of PSA International (PSA).

Prior to PSA, he led global businesses in the Royal Dutch Shell Group and had an earlier career with the Ministry of National Development.

Tan is currently the Chairman of the National University Health System (NUHS) and serves on several key bodies, including the Council of Presidential Advisers and the NUS Board of Trustees.

In recognition of his leadership as Co-Chair of Singapore’s Emerging Stronger Task Force, which helped guide the nation’s economic recovery from the COVID-19 pandemic, Tan received the Meritorious Service Medal in 2022.

In 2023, he was conferred the title of Officer of the Order of the Star of Italy for his contributions to strengthening international cooperation with Italy.

To recognize his contributions to Singapore’s maritime economy, industrial development, and healthcare system, he was also awarded the Meritorious Service Medal in 2025.

Tan holds a Master of Arts degree in Industrial Engineering and Bachelor of Arts degree in Mechanical Engineering from the National University of Singapore.

Temasek is a global investment company headquartered in Singapore, with a net portfolio value of S$434 billion ($324 billion) as at March 31, 2025.

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