Erick Thohir's Reason For Reducing The Number Of Commissioners And Directors Of Garuda Indonesia: Cleaning Up Financial Problems

Minister of SOEs, Erick Thohir. (Photo: Doc. Ministry of SOEs)

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir ensures that the transformation and efficiency at PT Garuda Indonesia (Persero) Tbk will continue to be carried out appropriately and quickly. This step is an effort to save Garuda from financial problems.

As is known, PT Garuda Indonesia (Persero) Tbk (GIAA) today held the 2020 Annual General Meeting of Shareholders (AGMS).

"The Ministry of SOEs ensures that transformation and efficiency continue to occur at Garuda Indonesia, by reducing the number of commissioners from 5 to 3 people, and the number of directors from 8 people to 6 people," Erick said after the Garuda Indonesia AGMS, Friday, August 13.

In addition, said Erick, at the AGM there were also two Commissioners with undoubted expertise and track records in the field of corporate restructuring and risk management. According to him, the appointment was to strengthen company supervision.

In the future, continued Erick, the Garuda Indonesia management team will focus on two main things. First, changing the business model with a focus on domestic flight services. Second, negotiations with the lessor.

"Both lessors who do have good B2B relationships but their contracts need to be renegotiated, as well as lessors who are involved in cases that are currently in the legal process," he explained.

Erick assessed that this step was a moment for Garuda Indonesia to clean up financial problems and operational performance, as well as reorganize its business fundamentals.

"Every process I will fully control," he said.

For your information, the results of today's Garuda Indonesia AGM decided to transfer Chairal Tanjung as Commissioner, honorably dismiss Triawan Munaf, Peter F. Gontha, Zannuba Arifah Ch. R, and Elisa Lumbantoruan from the positions of Members of the Board of Commissioners, and respectfully dismissed Dony Oskaria, and M. Rizal Pahlevi from the members of the Company's Board of Directors.

In addition, there has been a change in the nomenclature, so that the full line of Commissioners and Directors are as follows:

Commissioner

1. President Commissioner/Independent Commissioner: Timur Sukirno

2. Commissioner: Chairal Tanjung

3. Independent Commissioner: Abdul Rachman

Directors

1. President Director: Irfan Setiaputra

2. Director of Finance and Risk Management: Prasetio

3. Director of Operations: Tumpal Manumpak Hutapea

4. Human Capital Director: Aryaperwira Adileksana

5. Technical Director: Rahmat Hanafi

6. Director of Services and Commerce: Ade R. Susardi