Ron Widdows, a shipping veteran, who is the CEO of Neptune Orient Lines Group, will be replaced by ex-defence chief Ng Yat Chung when the former retires at the end of this year. Mr Widdows will stay on as senior adviser and Mr Ng will take over as CEO on I January 2012.
Ng is presently a senior MD at Temasek.
Wonder what relevant experience he brings to the shipping co? I can only think of the experience in a managing big complex organisation. But then I couldn’t think of any reason for his becoming a senior MD at Temasek.