JAKARTA - PT Bukalapak.com Tbk (BUKA) will hold an extraordinary general meeting of shareholders (EGMS) on Wednesday 16 February. The meeting of the issuer coded BUKA with the shareholders only has one agenda, namely the change in the composition of the company's board of directors.
Quoted from the official website of the Indonesia Stock Exchange (IDX), Tuesday, February 15, Bukalapak's board of commissioners discussed the candidates for the President Director and members of the company's Board of Directors. For the President Director candidate, the board of commissioners proposed the name Willix Halim.
Furthermore, Howard Nugraha Gani, and Victor Putra Lesmana were promoted to fill seats on the new board of directors.
"The nomination proposal will be submitted for approval by the company's shareholders in a meeting held in accordance with the applicable laws and regulations," wrote Bukalapak Management.
Willix Halim himself currently serves as the Interim CEO of Bukalapak. He joined the company in 2016 and immediately assumed the position of Chief Operating Officer.
The Stanford University Graduate School of Business graduate is said to have played an important role in Bukalapak's journey to become a unicorn, developing partners, and expanding the variety of the company's digital products and services.
The next figure is Victor Putra Lesmana. He has served as President, Commerce & Fintech of Bukalapak since 2021 until now. His experience is spread across various industries, from financial services, technology, consumer goods, to supply chain.
Meanwhile, his current responsibilities are leading various core divisions in Bukalapak including marketplace, digital products, logistics and supply chain, payment, financial technology, and new businesses.
The next candidate, Howard Nugraha Gani, has been the CEO of Mitra Bukalapak since 2020 until now. He started his career as an engineer at Ericsson Australia. Howarad is a candidate with a wide range of experience and expertise, such as in business and product initiatives, partnership management, and disruption strategy and growth hacking.
Step on the gas in 2022
Bukalapak immediately stepped on the gas in early 2022 by buying shares in the digital bank owned by conglomerate Chairul Tanjung, PT Allo Bank Indonesia Tbk. (BBHI). They joined a consortium consisting of CT Corp, Salim Group, Grab, and Carro & Growtheum (ASEAN PE).
This corporate action is the first time that BUKA has used the proceeds from its initial public offering (IPO). Bukalapak narrows 11.5 percent of BBHI's shares or becomes the second largest shareholder in Bank Allo. Bukalapak's management explained several reasons for being interested in the partnership.
One of them is data on half or 50 percent of the Indonesian population who still do not have a bank account and 15 percent of the underbanked community. BUKA also believes that there are around 50 million MSMEs who do not have bank accounts.
This potential is claimed to be very large for the company considering that these customers live in tier 2 and tier 3 cities where 70 percent of the company's business originates and where there is little competition with other e-commerce players.
"By working with two giants at CT Corp and the Salim Group, which are known as trusted brands with a very large user base and more than 100 million customers, we are able to create an impact quickly," said Bukalapak Management as quoted on Tuesday, February 15.
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