Why Skills-First Leadership Is Replacing the Ivy League Playbook in the C-Suite
05/23/2025
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The old prestige pyramid—where Ivy League degrees and blue-chip consulting backgrounds paved the way to the CEO seat—is cracking.
June 7, 2022: -Singapore’s Prime Minister Lee Hsien Loong is naming Finance Minister Lawrence Wong as deputy prime minister in a cabinet reshuffle that will take effect following Monday.
Wong will be dissembling as the prime minister in the absence of Lee. He will also resume as minister of finance.
In April, the promotion was expected after Wong was approved as the next-generation team leader. He is doing in the education ministry and Ministry of National Development and is co-chair of the task force on Covid-19 in Singapore.
Heng Swee Keat, remaining deputy excellent minister after the reshuffle, was previously expected to take from Lee.
In the previous year, Heng said he would be stepping aside for a younger leader so that the recent leader could “have a longer runway.” He relinquished his duties as finance minister.
Prime Minister Lee said he had not determined whether Wong would take over before or after the coming general election, which has to be held by 2025.
“The following generation leadership takes shape. I ask everyone to give your complete support to this significant transition and steer Singapore safely out of the pandemic and into a brighter future,” Lee wrote in the report on Monday.
Several other changes will take effect in the coming week, which includes a promotion to senior minister for Minister of State Tan Kiat How, serving in the contacts and information and national development ministries.
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