SINGAPORE Dec 29 Singapore's Neptune
Orient Lines, which owns the world's sixth biggest
container shipping firm, said its chairman, Cheng Wai Keung,
will retire after the board's annual general meeting in April
Cheng, who was chairman for the last 10 years, will be
replaced by Kwa Chong Seng who will join the board as a director
from January 1, 2012 and become chairman in April, the company
said in a statement.
Kwa is the deputy chairman of the board of directors of
state investor Temasek Holdings and is a former chairman and
managing director of ExxonMobil Asia Pacific Private
Ltd before retiring in October 2011.
Temasek owns about two-third of NOL.
(Reporting by Saeed Azhar)