Vale AGMS Sets New Directors And Commissioners. Luhut's Subordinates Become President Commissioners

JAKARTA - PT Vale Indonesia Tbk (INCO) held the 2023 Annual General Meeting of Shareholders (AGMS) and appointed a new board of directors and commissioners.

This follows the 14 percent divestment process to MIND ID which caused Indonesia to become the largest shareholder in Vale Indonesia.

Vale's President Director, Febriany Eddy, said that the divestment process was actually ongoing and had to go through two processes, namely primary and secondary.

"We hope that all the closing of the transaction will be completed this June, after closing this divestment, the composition of the new directors will be effective," he said at a press conference in Jakarta, Monday, June 10.

Febriany explained, in this AGMS the shareholders set 7 boards of directors, namely the President Director who is still occupied by Febriany Eddy, Vice President Director and Chief Operation and Infrastructure Officer, namely Abu Ashar.

Then the Chief Sustainability and Corporate Affairs Officer was occupied by Bernardus Irmanto, who previously held the position of Chief Financial Officer. The position of Director and Chief Financial Officer is held by Rizky Andhika Putra.

Adriansyah Chaniago became Chief Human Capital Officer, Luke Mahony became Chief Corporate Strategy and Technical Officer and finally Muhammad Asril served as Chief Projct Officer.

Then in his board of commissioners, Luhut's subordinate Muhammad Rachmat Kaimuddin was appointed as President Commissioner from the previous position as Vice President Commissioner.

Just so you know, Rachmat Kaimuddin currently has a position at the Coordinating Ministry for Maritime Affairs and Investment as Deputy for Infrastructure and Transportation Coordination.

Thus, the following are the latest commissioners and directors of PT Vale Indonesia Tbk:

President Commissioner: Muhammad Rachmat Kaimuddin

Vice President Commissioner: Emily Olson

Commissioner: Fabio Ferraz

Commissioner: Kristina Litzinger

Commissioner: M. Jasman Panjaitan

Commissioner: Edi Permadi

Commissioner: Yusuke Niwa

Independent Commissioner: Rudiantara

Independent Commissioner: Raden Sukhyar

Independent Commissioner: Marita Alisjahbana

* Raden Sukhyar's term of office will be effective from the closing of the 2024 AGMS to 12 (twelve) months since the closing of this AGMS.

Directors:

President Director & Chief Executive Officer: Febriany Eddy

Vice President Director & Chief Operation and Infrastructure Officer: Abu Ashar

Director & Chief Human Capital Officer: Adriansyah Chaniago

Director & Chief Sustainability and Corporate Affairs Officer: Bernardus Irmanto

Independent Director & Chief Financial Officer: Rizky Andhika Putra

Independent Director & Chief Project Officer: Muhammad Asril

Independent Director & Chief Strategy and Technical Officer: Luke