IE Singapore CEO to step down on December 31

He will join the private sector.

The Ministry of Trade and Industry (MTI) revealed on Tuesday that Teo Eng Cheong will step down as the Chief Executive Officer (CEO) of International Enterprise (IE) Singapore on 31 December 2015.

Meanwhile, Chua Taik Him, currently Deputy CEO of IE Singapore, will be appointed the Acting CEO of IE Singapore with effect from 1 January 2016, until a new CEO is appointed.

Teo was appointed the CEO of IE Singapore in January 2011. Under his leadership, the agency implemented several initiatives like the Global Company Partnership (GCP), Market Readiness Assistance (MRA) and the Young Talent Programme (YTP). Mr Teo also played a key role in expanding IE Singapore’s presence in emerging markets, and in facilitating Singapore companies’ participation in Government-to-Government projects.