BEI Officially Appoints Alex Widi Kristiono to Replace Oki Ramadhana

BEI President Director Jeffrey Hendrik. (Photo: ANTARA)

JAKARTA - PT Bursa Efek Indonesia (BEI) officially appointed Alex Widi Kristiono as a member of the Board of Commissioners of BEI to fill the vacant position after M Oki Ramadhana resigned.

The decision was made through the Extraordinary General Meeting of Shareholders (RUPSLB) of the IDX in 2026. Alex's appointment has obtained the approval of the Financial Services Authority (OJK) after going through the process of assessing ability and appropriateness.

President Director of the IDX Jeffrey Hendrik said, Oki previously submitted his resignation from the position of Commissioner of the IDX after his term as President Director of PT Mandiri Sekuritas ended, and the resignation was submitted through a letter dated May 13, 2026.

"The member of the Board of Commissioners, namely Mr. Oki Ramadhana, has submitted his resignation from the Board of Commissioners of the Indonesia Stock Exchange because his term as President Director of PT Mandiri Sekuritas has ended," he said in a press conference, Wednesday, August 12.

BEI then submitted a notification to shareholders on May 17, 2026, while the OJK received the resignation report through a letter dated May 29, 2026.

Jeffrey explained that based on the applicable provisions, the vacancy of the position of member of the Board of Commissioners must be filled within three months from the occurrence of the vacancy.

In addition, he added, the candidate for commissioner must have a background as a Director of a Member Company of the Exchange.

"The members of the Board of Commissioners of the Company who have been officially appointed in the meeting are Mr. Alex Widi Kristiono," he said.

Alex will continue the remaining term of office of the Board of Commissioners of the IDX for the period 2024-2028, thus, the composition of the IDX Board of Commissioners now consists of Nurhaida as the President Commissioner, as well as Yozua Makes, Karman Pamurahardjo, Lany Djuwita, and Alex Widi Kristiono as Commissioners.

In other agendas, the RUPSLB of the IDX also approved changes in the composition of shareholders in line with the implementation of share buybacks (buybacks) by the IDX as well as changes in the names of a number of shareholders.

The name changes include PT Universal Broker Indonesia Sekuritas to PT Laba Sekuritas Indonesia, PT UOB Kay Hian Sekuritas to PT Kay Hian Sekuritas, PT Oso Sekuritas Indonesia to PT Sukadana Prima Sekuritas, and PT Jasa Utama Capital to PT Yakin Bertumbuh Sekuritas.

In addition, there is a transfer of one share each belonging to PT IMG Sekuritas and PT HSBC Sekuritas Indonesia to the IDX as part of the implementation of share buybacks.

On this occasion, BEI also conveyed the progress of the Company's demutualization preparation as part of efforts to strengthen the governance and independence of the Stock Exchange, in line with Law Number 4 of 2026 concerning Amendments to Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK).

The preparation process is carried out through coordination with OJK and communication with shareholders to ensure that all stages are carried out in accordance with applicable regulations.