Cheng Wai Keung retiring as NOL Chairman

He will retire from the NOL Board after its annual general meeting scheduled in April 2012.

Mr Cheng will be replaced by Mr Kwa Chong Seng, who was appointed as Director of the NOL Board with effect from 1 January 2012.

Mr Kwa is the Deputy Chairman of the Board of Directors of Temasek Holdings (Private) Limited. He was Chairman and Managing Director of ExxonMobil Asia Pacific Private Limited before retiring in October 2011. A graduate from the University of Singapore, Mr Kwa was conferred the Distinguished Engineering Alumni Award by the National University in 1994, and the Honorary Ningbo Citizenship in 1999. In 2005, he was awarded the Singapore Public Service Star.

Mr Cheng is retiring after serving the NOL Board for 20 years, the last 10 years as Chairman.