Freeport Indonesia said on Wednesday that it had installed Maroef Sjamsoeddin as the new president director, replacing Rozik Soetjipto.

Maroef is a retired Air Vice Marshal from the Indonesian Air Force and served as the deputy chief of the State Intelligence Agency (BIN) from 2011-2014. Maroef is also a younger brother of Sjafrie Sjamsoeddin, a retired Army lieutenant general and former defense deputy minister during Susilo Bambang Yudhoyono's presidency.

The newly appointed Maroef said he expected to cooperate with all stakeholders as the company sought to execute its long-term investment strategy in Papua.

'€œThis is an exciting time for PTFI as we build new mines in Papua that will provide benefits to our employees, the local community, the government of Indonesia and all stakeholders for decades to come,'€ Maroef said in a statement.

Freeport Indonesia has implemented the change in its top management while the company is at a crucial time in the drafting of an amendment to its contract of work with the government.

Last year, the company and the Energy and Mineral Resources Ministry's directorate general for minerals and coal signed a memorandum of understanding (MoU) that highlighted principal agreements regarding the adjustment of six issues from its previous contract of work. The MoU must be followed by a definitive amended contract of work.

The drafting of the contract of work should be completed within six months, the deadline for which will fall on Jan. 24. However, to date, the process is still ongoing. (nvn)(++++)

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