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Lee Kuan Yew had been part of the cabinet since he led the PAP to its first election victory in 1959

Singapore's founding prime minister Lee Kuan Yew (pictured in April 2011) said May 14 he will quit the cabinet to make way for younger leaders after the ruling party's worst performance in an election

Lee Kuan Yew

See photos of one of Singapore's founding fathers, Lee Kuan Yew.