Wishnu, who served as the company’s president director prior to his appointment as president commissioner, currently leads the campaign team for gubernatorial candidate Agus Harimurti Yudhoyono, the eldest son of former president Susilo Bambang Yudhoyono.

Speaking to reporters, Indika Energy president director Arsjad Rasjid said the company appreciated Wishnu's decision to step down as suggested by the firm's code of conduct, under which executives are expected to detach themselves from any political activity.

"We, as a company, reminded Pak Wishnu to resign [following his appointment as campaign manager]. And he tendered his resignation letter," Arsjad said.

(Read also: They may look down at me, but I will prove them wrong: Agus)

Wishnu’s letter, submitted on Dec. 7, will be brought to an extraordinary shareholders’ meeting on Monday for confirmation of his resignation, Arsjad said.

Arsjad, however, refused to respond to rumors about Wishnu's involvement in funding two major demonstrations held late last year in Jakarta to push for the criminal prosecution of Jakarta Governor Basuki "Ahok" Tjahaja Purnama in a blasphemy case.

Ahok, who is now a defendant in the case, is seeking reelection in the upcoming gubernatorial election, scheduled for Feb. 15.

"That's Wishnu's privacy and we can't answer that as a company. We also don't know if [the rumors] are true or not," Arsjad said.

"What's sure is that the company has no involvement at all in such activities." (hwa)

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