Indonesian Government Appoints Dwi Soetjipto as Pertamina's CEO

The Indonesian government appointed PT Semen Indonesia president director Dwi Soetjipto as the next president director & CEO of the country's state-owned oil and gas firm PT Pertamina, succeeding interim chief Muhamed Husen, who took over Oct. 1 from Karen Agustiawan after the latter resigned, a local daily reported Friday.

"As of Nov. 28, Dwi Soetjitpto is heading Pertamina," Indonesia's State Enterprises Minister Rini Soemarno said, as quoted by the Jakarta Post.

The government has indicated earlier that it would pick a candidate from the remaining three left in the selection process. The selection panel comprises panel included Indonesian President Joko Widodo, Vice President Jusuf Kalla, Cabinet Secretary Andi Widjajanto as well as officials from the Finance Ministry, State Owned Enterprises Ministry and Energy and the Mineral Resources Ministry.

Dwi has worked exclusively in the cement industry within publicly listed state-run Semen Indonesia, the country's largest cement producer. He headed its troubled unit PT Semen Padang between 2003 and 2005 where his success in overcoming widespread worker's opposition to the government's plan to sell a controlling stake in the firm to Mexico's Cemex S.A. landed him the top post in Semen Indonesia.

Meanwhile, the Indonesian government appointed Yenni Andayani from PV Gas & Power Pertamina, Ahmad Bambang from PT Trans Continental and Arif Budimanta from Mackenzie Stuart Oil & Gas as members of Pertamina's board of directors. The new board is smaller in size than the previous one, which had eight members.

"The exact positions of the three new directors in Pertamina will be decided later," Rini added.

Dwi received his education in Indonesia, holding a bachelor degree in engineering from the Sepuluh Nopember Institute of Technology in Surabaya, East Java; a masters in management from the Andalas University in West Sumatra; and a PhD in management from the University of Indonesia in Depok, West Java.


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