Dilhan Pillay Sandrasegara will become executive director and CEO of Temasek Holdings, effective Oct. 1, the Singapore government-owned investment company said Tuesday.
Mr. Pillay will replace Ho Ching in those roles, marking Temasek's first leadership change since 2004. Ms. Ching will retire and step down from Temasek's board on Oct. 1, a news release said.
Temasek reported portfolio assets of S$306 billion ($214.6 billion) as of the March 31, 2020, close of its latest fiscal year.
Mr. Pillay also retains his responsibilities as CEO of Temasek International, managing Temasek's investment and portfolio activities.
In the release, Mr. Pillay cited Temasek's commitment to build "a better, more sustainable world."