JAKARTA - Shareholders of PT Garuda Indonesia (Persero) Tbk officially appointed Lt. Gen. (Ret.) Glenny H. Kairupan as President Director of Garuda Indonesia, replacing the Deputy Minister of Tsani. The decision was taken at the Extraordinary General Meeting of Shareholders (EGMS) which was held Wednesday, October 15 at the Garuda Management Building Auditorium, Cengkareng, Jakarta.
The EGMS was attended by shareholders representing 68.65 billion shares or 75.04 percent of the total shares with voting rights. The single agenda of the meeting was a change in the composition of the company's management.
"This change is a strategic step to strengthen the company's restructuring and restructuring process. This agenda has received the support of the Indonesian Government and supervision from BPI Danantara Indonesia," Garuda management wrote in its official statement.
Apart from Glenny, the EGMS also appointed Thomas Sugiarto Oentoro as Deputy President Director, Balagopal Kunduvara as Director of Finance and Risk Management, Neil Raymond Mills as Director of Transformation, and Frans Dicky Tamara as Commissioner.
The composition of the Garuda Indonesia Board of Directors:
President Director: Glenny H. Kairupan Vice President Director: Thomas Sugiarto Oentoro Badminton Director of Finance and Risk Management: Balagopal Kunduvaramen Director of Commerce: Reza Aulia Hakim? Technical Director: Mukhtarismen Human Capital & Corporate Service Director: Exitrino Irianto Director of Transformation: Neil Raymond Mills
Board of Commissioners:
President Commissioner concurrently Independent: Fadjar PrasetyoCommissioner: Chairal Tanjung Totali: Frans Dicky Tamara Independent Commissioner: Mawardi Yahya
This restructuring step is accompanied by a plan to inject large capital by the Anagata Nusantara Power Investment Management Agency (BPI Danantara). Through a private placement scheme or Capital Increase without Pre-emptive Rights (PMTHMETD), PT Danantara Asset Management will invest US$1.44 billion in cash, and convert debt of 405 million US dollars into shares. Total fresh funds reached 1.84 billion US dollars or around Rp30.5 trillion.
In the midst of the momentum of Garuda's recovery, Glenny's appointment was no coincidence. He is an old friend and is known to be very close to President Prabowo Subianto since the cadets. He is an AKABRI 1973, an old friend who is known to be loyal and with integrity. Both have been in touch for a long time, both in military and political careers. Even Glenny is widely referred to as one of President Prabowo Subianto's confidants.
Glenny's name was also listed as a member of the Gerindra Party's Board of Trustees (2020-2025) and served as Director of the National Winning Body (BPN) Prabowo-Sandiaga in the 2019 Presidential Election.
Glenny's appointment gave a strong signal: Garuda Indonesia is now under the control of figures directly trusted by President Prabowo - a strategic step in the midst of great efforts to restore the national pride airline.
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