SINGAPORE: Former Senior Minister Teo Chee Hean has resigned from GIC’s board of directors and as chairman of its international advisory board, effective Jun 30, said the sovereign wealth fund on Tuesday (Jun 10).

Mr Teo, 70, retired from politics in April and did not contest in the recent General Election. Temasek Holdings announced last week that he will succeed Mr Lim Boon Heng as its fifth chairman.

He will first join Temasek's board as deputy chairman on Jul 1, before taking the reins on Oct 9.

Mr Teo served on the GIC Board for 14 years. He was first appointed as a director in December 2010 and assumed the role of chairman of its International Advisory Board in April 2015.

“During his tenure, Mr Teo helped GIC navigate significant developments including the aftermath of the g

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