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Tiga Pilar Sejahtera appoints new directors, commissioners
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Tiga Pilar Sejahtera Food (TPS Food) commissioner Jaka Prasetya (left) poses for a picture with president commissioner and independent commissioner Yulie Sudargo (second left), president director Hengky Koestanto (third left) and independent director Charlie Dungga after the company’s extraordinary shareholders meeting in Jakarta on Oct. 22. (Antara/Audy Alwi)
F
ood producer Tiga Pilar Sejahtera (TPS) Food in an extraordinary shareholders meeting organized by the company’s commissioners in Jakarta on Monday decided to appoint new directors and commissioners.
The meeting, which had 56.46 percent of shareholders in attendance, agreed to appoint Hengky Koestanto as TPS Food’s new president director, replacing Joko Mogoginta.
“This is a follow-up of the annual general meeting of shareholders (RUPS) held on July 27, 2018. Shareholders agreed to appoint the new president director, Hengky Koestanto,” said Michael Hadylaya, TPS Food’s corporate secretary on Monday in Jakarta.
Shareholders had chosen Charlie Dhungga as the new independent director and Yulie Sudargo as the chief commissioner and independent commissioner, while Jaka Prasetya remained as the firm’s commissioner.
Hengky was the son of Priyo Hadisusanto, founder of TPS Food, and also the sibling of former president director, Joko Mogoginta.
TPS Food had conducted an RUPS on July 27. However, the meeting turned chaotic as conflicts rose between commissioners, directors, as well as shareholders. Joko Mogoginta walked out of the meeting room, accusing the commissioners of a “hostile takeover” of the company.
The conflicts inside TPS Food – a popular company that sells rice and iconic processed snack Taro – become more intense since alleged in fraud mid-2017 was raised during the meeting.
At that time, a factory owned by TPS Food’s subsidiary, PT Indo Beras Unggul (IBU), was raided by authorities following the alleged fraud. PT IBU was found guilty of selling rice with lower quality than what was stated on the sacks of premium rice in the market. (bbn)
