Erick Thohir Appoints Budi Waseso As President Commissioner Of Semen Indonesia

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir appointed Budi Waseso or Buwas as President Commissioner and Independent Commissioner of PT Semen Indonesia (Persero) Tbk (SMGR).

The appointment of Buwas as the Commissioner of the issuer codenamed GIS was decided at the 2023 Extraordinary General Meeting of Shareholders (EGMS) which was held today, in Jakarta, with the agenda of changing the composition of the Company's management.

"The meeting appointed Mr. Budi Waseso as President Commissioner and Independent Commissioner, and Mrs. Ratna Irsana as Independent Commissioner," said SIG Corporate Secretary Vita Mahreyni in an official statement, Friday, December 1.

In addition to appointing Buwas, Vita said the meeting also confirmed the honorable dismissal of Rudiantara as President Commissioner and Arief Prasetyo Adi as Commissioner.

Furthermore, Vita said that the company is currently focusing on implementing strategic initiatives to improve performance in order to continue to provide added value for stakeholders. Especially shareholders, as well as achieving operational excellence and sustainability targets.

The strategic initiatives in question are decarbonization through solar panels installation in operational units and utilization of RDF (refuse-derived fuel) as alternative fuels in cement factories.

Then, optimize the export market and maintain leadership in national strategic projects, modernize the retail ecosystem, and implement plant optimizers and cargo cosolidators for production and distribution cost efficiency.

"To maintain business sustainability in the midst of cement market conditions that are still experiencing oversupply and intense competition, SIG is committed to maintaining market leadership through extensive market optimization, production facilities and distribution networks. GIS is ready to meet various customer needs with innovative and environmentally friendly product and service solutions," said Vita.

The following is the composition of the new Board of Commissioners and Directors of the Company:

Board of Commissioners:

1. President Commissioner and Independent Commissioner: Budi Waseso

2. Commissioner: Sony Subrata

3. Commissioner: Yustinus Prastowo

4. Commissioner: Lydia Silvanna Djaman

5. Independent Commissioner: Nasaruddin Umar

6. Independent Commissioner: Saor Siagian

7. Independent Commissioner: Ratna Irsana

Company Directors:

1. President Director: Donny Arsal

2. Director of Supply Chain: Yosviandri

3. Director of Human Resources and General Affairs: Agung Wiharto

4. Portfolio Finance and Management Director: Andriano Hosny Panangian

5. Business and Marketing Director: Subhan

6. Director of Operations: Reni Wulandari