PGN appoints Pertamina's Gigih Prakoso as new president director
Stefanno Reinard Sulaiman
The Jakarta Post
State-owned gas subholding company PT Perusahaan Gas Negara (PGN) replaced on Monday outgoing president director Jobi Triananda Hasjim with Gigih Prakoso, who was formerly the investment planning and risk management director at state-owned oil and gas holding company Pertamina.
PGN president commissioner IGN Wiratmaja Puja told the press that the decision to replace Jobi – made during Monday’s extraordinary shareholders meeting – had come from its parent company, Pertamina.
“The decision is in accordance with rgw existing regulation, under which all authority rests with the shareholder of the series A Dwiwarna stock [Pertamina],” Wiratmaja said at a press briefing.
According to the PGN website, Pertamina is the majority owner of PGN with 56 percent shares as of April 2018, while the rest is owned by the public.
Meanwhile, PGN infrastructure and technology director Dilo Seno Widagdo said the decision would not affect PGN's integration into Pertamina, as Gigih had been on the integration team.
“He (Gigih) followed our discussion on integrating infrastructure, communication, vision and mission. Hence, I believe he will be committed to implementing the [PGN's] integration blueprint,” said Dilo.
In June, PGN signed a sales and purchase agreement to acquire 51 percent of Pertamina’s gas subsidiary PT Pertagas, which was then worth $1.2 billion.
The integration of PGN and Pertagas is the final stage of transforming Pertamina into a oil and gas holding company. (bbn)
- ‘I’m just ordinary man now’: Setya collects debts from friends to pay restitutio...
- Anger at Singapore ads offering Indonesian maids for sale
- Sri Lanka train kills mother elephant, two calves
- BTS to appear on ‘America’s Got Talent’
- Car hits pedestrians outside UK mosque in suspected hate crime
- Trump hits China with tariffs on another $200b in goods
- Here are 10 of the most populated cities in the world
- Florence death toll jumps to 31 as flooding wreaks havoc
- Indonesia exports religious take on family planning
- Prosecutors call for Jambi rape victim to be punished to deter abortion