Boston, MA – FCLTGlobal, a non-profit organization whose mission is to focus capital on the long term to support a sustainable and prosperous economy announced today that Bernard Looney, Chief Executive Officer of bp, and Dilhan Pillay Sandrasegara, Executive Director & Chief Executive Officer of Temasek Holdings, have joined its Board of Directors.
FCLTGlobal was founded as an independent organization in 2016. Its members are leading companies and investors worldwide that develops actionable research and tools to drive long-term value creation for savers and communities. FCLTGlobal’s members participate in action-oriented programming, fund ongoing operations, and actively contribute to current research initiatives that promote long-term oriented strategies for companies and investors worldwide.
“FCLTGlobal has worked very closely with bp and Temasek on a wide array of research and we are excited to further integrate new global and cross-value-chain perspectives by welcoming Bernard and Dilhan to our board of directors. We look forward to seeing the additional impact they bring to our team and our mission in the near- and long-term,” said Sarah Keohane Williamson, FCLTGlobal’s Chief Executive Officer.
Bernard has been CEO of bp since February 2020 – and is leading the company through a major transformation – to reimagine energy for people and our planet. As part of a global career, initially as a drilling engineer, he joined the senior leadership team of bp’s oil and gas business in 2010. He was chief operating officer of production for three years before becoming chief executive of bp’s upstream in 2016. In that role, he oversaw significant improvements in safety and performance by embracing digital and agile ways of working. Outside bp, he is also a member of the steering committee for the Council of Inclusive Capitalism; a member of the UK Government’s Build Back Better Business Council; a fellow of the Royal Academy of Engineering and a fellow of the Energy Institute. He is also a mentor in the FTSE 100 Cross-Company Mentoring Executive Programme and an ambassador for 25 x 25, an initiative aimed at improving the gender balance among the leadership of FTSE companies.
Dilhan joined Temasek in September 2010. He was appointed Executive Director and CEO of Temasek Holdings on 1 October 2021 and is concurrently the CEO of Temasek International, a position he has held since April 2019. Dilhan serves on the boards of the National Research Foundation in Singapore, Enterprise Singapore and the Peterson Institute for International Economics. He is also committed to the development of human capital through his work with the Singapore Future Economy Council, the Financial Centre Advisory Panel of the Monetary Authority of Singapore, the National Jobs Council, the Singapore Judicial Service Commission and the Singapore Research, Innovation and Enterprise Council.
“I have admired the work of FCLTGlobal for some years now – we have worked with Sarah Williamson and her brilliant team to raise awareness around how finance works in concert with industry for long term value creation. The board of FCLTGlobal is an impressive group – I am deeply honored to have this opportunity to work with them more closely to deliver FCLTGlobal’s mission as a member of the board,” said Looney.
“As a generational investor, Temasek is committed to delivering sustainable returns over the long term. Our goals are very aligned with FCLTGlobal’s vision to see to the sustainable viability of our economy, people and planet. Together with Sarah and her team, I believe that we can help to advocate awareness and accelerate action by bringing together likeminded partners and FCLTGlobal members, so every generation prospers.” added Dilhan.
Alongside the two appointments, Chow Kiat Lim came to the end of his second term on FCLTGlobal’s board on 31 August 2022. Lim, CEO of GIC, was a board director since FCLTGlobal’s founding in 2016. He will remain involved with FCLTGlobal as a Strategic Advisor.
“As one of its earliest members, GIC and FCLTGlobal have always shared a common goal of advancing long-termism in business and investment decision-making. In today’s uncertain investment environment, adopting a long-term approach has become especially vital to promoting innovation, boosting economic growth and creating sustainable, long-term value for markets and society overall. As FCLTGlobal’s outgoing board director, it’s been my privilege to contribute to this mission and to play a part in growing FCLTGlobal’s global membership base. I look forward to our continued partnership for years to come,” said Lim.
“Chow Kiat has been instrumental in FCLTGlobal’s growth as an organization and in our success in pursuing our mission, particularly his role in expanding our membership among top companies and investors around the world. We’re deeply grateful for his stewardship and his leadership by example, and we look forward to continuing our strong partnership with GIC in the years ahead,” said Williamson.
FCLTGlobal’s full Board of Directors and Strategic Advisors can be found below:
Board of Directors
Bernard Looney, Chief Executive Officer, bp
Carmine Di Sibio, Global Chairman and CEO, EY
Adena Friedman, CEO and President, Nasdaq
John Graham, President and CEO, CPP Investments
Peter Harrison, Group Chief Executive, Schroders
Alan Jope, CEO, Unilever
Kewsong Lee, CEO, Carlyle
Geraldine Matchett, Co-CEO, CFO, Royal DSM
David Neal, CEO, IFM Investors
Dilhan Pillay Sandrasegara, Executive Director & Chief Executive Officer, Temasek
Kevin Sneader, Co-President of Asia Pacific Ex-Japan, Goldman Sachs
Bob Sternfels, Global Managing Partner, McKinsey & Company
Howard Ungerleider, President and CFO, Dow
Theresa J. Whitmarsh, Former CEO, Washington State Investment Board
Mark Wiedman, Senior Managing Director, BlackRock
Sarah Keohane Williamson, CEO, FCLTGlobal (ex-officio)
Ronald Wuijster, CEO, APG Asset Management
Lei Zhang, Founder and CEO, Hillhouse Capital Group
Else Bos, Executive Director and Chair of Prudential Supervision, De Nederlandsche Bank
Natarajan Chandrasekaran, Chairman, Tata Sons
Larry Fink, Chairman and CEO, BlackRock
Lady Lynn Forester de Rothschild, CEO, E.L. Rothschild, LLC
Chow Kiat Lim, CEO, GIC
Martin Lipton, Founding Partner, Wachtell, Lipton, Rosen & Katz
Andrew N. Liveris, Former Chairman and CEO, Dow; Chairman, Lucid Motors
Nitin Nohria, Former Dean of Harvard Business School
Paul Polman, Co-founder and Chair, IMAGINE
Mark Weinberger, Board Member, MetLife; Board Member, Johnson & Johnson, Board Member, Aramco
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FCLTGlobal’s mission is to focus capital on the long term to support a sustainable and prosperous economy. We are a non-profit organization whose members are leading companies and investors worldwide that develops actionable research and tools to drive long-term value creation for savers and communities. Please visit www.fcltglobal.org to learn more.
Ross Parker, [email protected], +1 508 667 5451
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