Tuesday, October 09, 2007

Another Singapore CEO quits

The business community is still abuzz over the sudden departure of another CEO of a major Singapore company. Han Cheng Fong (ST pix) quit Fraser & Neave in a huff last week. This came shortly after the surprise resignation of DBS Bank CEO Jackson Tai last month.

F&N cited his differences with the board of the beverage and property company.

Many other reasons have been mentioned for his departure, including Dr Han's purported differences with outgoing chairman Michael Fam and the entry of Lee Hsien Yang in the boardroom.

But one should not discount the Temasek connection in Singapore.

Maybe, all roads lead to Temasek in Singapore.

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