Differences In The Fate Of Zulkifli Zaini At Bank Mandiri And PLN

Zulkifli Zaini. (Photo: Doc. PLN)

JAKARTA - Zulkifli Zaini's fate at PLN did not last long. If at Bank Mandiri he could start a career for decades, but in the position of President Director of PLN, Zulkifli was only given two years by Erick Thohir to lead the stun BUMN.

As is known, Minister of State-Owned Enterprises (BUMN) Erick Thohir has officially removed Zulkifli Zaini from the position of Main Director of the State Electricity Company (Persero) or PLN. Instead, Erick also appointed Darmawan Prasodjo.

This dismissal and appointment was carried out at the 2021 General Meeting of Shareholders (GMS) of PLN which was held today, Monday, December 6, 2021, at the Head Office of PT PLN (Persero) in Jakarta.

Examining Zulkifli Zaini's career path, the man who was born on October 22, 1956 earned a Bachelor's degree in Civil Engineering from the Bandung Institute of Technology in 1980 and completed his Master of Business Administration at the University of Washington in 1994.

Zulkilfi Zaini has important professional experience in several SOEs, including Independent Commissioner of PT Bank Permata Tbk in 2017-2019, Independent Commissioner of PT Bank Negara Indonesia (Persero) Tbk in 2015-2016 and Commissioner of PT PLN (Persero) in 2013-2015.

Then, Zulkifli also held the position of President Director of PT Bank Mandiri (Persero) Tbk in 2010-2013. Previously, from 2003 to 2010 he was Director of Distribution Network, Director of Commercial & Business Banking and Director of Technology & Operations.

Previously, Zulkifli spent decades studying at the bank, which was previously known as the Indonesian Development Bank (Bapindo). Zulkifli was the Vice President and Division Head of Government Relations Management at Bank Mandiri, Senior Manager and Team Leader in Credit Risk Management at Bank Mandiri, Head of Bapindo Jambi Branch (1998), Deputy Branch Manager at Bapindo Surabaya Branch Office (1996), Head of Project Finance at Bapindo Surabaya Branch Office (1994), and Account Officer Staff at Bapindo (1988).

Become the CEO of PLN

Zulkifli was at the peak of his career when he was entrusted with the position of President Director of PT PLN (Persero) based on the Decree of the Minister of BUMN as the General Meeting of Shareholders Number SK-325/MBU/12/2019 dated December 23, 2019.

However, his career at PLN did not last as long as at Bank Mandiri, Zulkifli was officially dismissed as of December 6, 2021. The decision was taken at the 2021 General Meeting of Shareholders (GMS) of PLN which was held today, at the Head Office of PT PLN (Persero) in Jakarta .

There is no further information, where Zulkifli will pursue his next career after he no longer serves as the President Director of PT PLN (Persero).

SOE Minister Erick Thohir thanked Zulkifli for his contribution so far. Because, according to his records, Zulkifli has been able to improve the financial performance of the national stun company. This is reflected in operating revenues which reached Rp345.4 trillion and a net profit of Rp5.99 trillion in 2020.

This profit rose 39.3 percent from 2019. PLN under the leadership of Zulkifli also managed to reduce the total debt ratio by around Rp.452.4 trillion. Not to forget, PLN also contributes to the National Economic Recovery (PLN) program by providing electricity discounts to 31.4 million households in 2020 and 32.6 million households in 2021.

"I thank you profusely for the commitments that have been given so far. I believe the best track record that has been inscribed will become a legacy and foundation for the next leader," he said in an official statement, Monday, December 6.

Erick added that under Zulkifli's leadership, transformative efforts were also carried out in parallel as one of the guards in the National Economic Recovery Program during the COVID-19 pandemic. Because of that, Erick also advised Darmawan Prasodjo as the new President Director of PLN, to continue the transformation efforts that have been made to continue to be improved.

"The energy transition carried out by PLN needs a breakthrough so that it does not burden the state and society," he said.

"PLN needs to prepare to accelerate business in the face of new trends such as the electric vehicle ecosystem and collaborate on electrifying lifestyles with other parties," he added.

With the above changes, the new composition of PLN's Board of Directors is as follows:

The composition of the Board of Directors of PLN1. President Director: Darmawan Prasodjo2. Director of Corporate Planning: Evy Haryadi3. Director of Commerce and Customer Management: Bob Saril4. Director of Finance and Risk Management: Sinthya Roesly5. Director of Human Resources Management: Syofvi Felienty Roekman6. Primary Energy Director: Rudy Hendra Prastowo7. Director of Mega Projects and NRE: Wiluyo Kusdwiharto8. Sumatra Kalimantan Regional Business Director: Muhammad Ikbal Nur9. Regional Business Director for Java, Madura and Bali: Haryanto WS10. Regional Business Director for Sulawesi, Maluku, Papua and Nusa Tenggara: Syamsul Huda.