Kartika Wirjoatmodjo: New Bank Mandiri boss should be from company internal circles
JAKARTA - Deputy State-owned Enterprises (SOE) Minister Kartika Wirjoatmodjo is hopeful that his successor as PT Bank Mandiri (Persero) Tbk (BMRI) CEO will be from the company’s internal circles.
“Of course we hope our friends from the [company’s] internal circles will be prioritised [as new CEO],” said Mr Wirjoatmodjo after his inauguration as Deputy SOE Minister at the State Palace as quoted by Bisnis.com, Friday (25/10). He was appointed to the post along with former PT Inalum (Persero) CEO Budi Gunadi Sadikin.
Currently the duties and authorities of Bank Mandiri’s CEO are exercised by the company’s Deputy CEO Sulaiman Arif Arianto. Mr Arianto will exercise the CEO’s duties and authorities until a new CEO is appointed through an EGM.
According to Mr Wirjoatmodjo, transformations in Bank Mandiri have been running very well for the past few years and thus a continuity should be maintained. Mr Wirjoatmodjo is widely credited for consolidating Bank Mandiri, which was previously plagued by non-performing loans (NPLs) and forced to carry out a writeoff worth trillions of rupiah.
As of the first half of 2019, Bank Mandiri recorded consolidated profit growth of 11.1% year on year (yoy) to Rp 13.5 trillion, while its interest income grew 14.85% yoy to Rp 44.5 trillion. (MS)