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View all search resultsGoTo appoints new CEO, adding fuel to merger talk
GoTo shareholders will hold an extraordinary general meeting on Dec. 17 to vote on matters including the leadership shift.
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Then-president of GoTo's fintech unit Hans Patuwo (left) and GoTo Group CEO Patrick Walujo attend a press conference on July 26, 2023, at Gojek headquarters in Jakarta. (Gopay/-)
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T GoTo Gojek Tokopedia (GoTo) has named a new chief executive officer to replace Patrick Walujo in a leadership shake-up that analysts say could accelerate a potential takeover of Indonesia’s homegrown technology company by regional rival Grab.
The company said in a statement on Monday that chief operating officer Hans Patuwo had been nominated to succeed Patrick, pending shareholder approval.
Read also: Potential GoTo-Grab merger stirs concern over govt overreach
Patrick’s resignation comes amid speculation of a possible merger between GoTo and Grab, which government officials were discussing with the two companies earlier this month.
GoTo management said the latest leadership changes were part of a succession process reflecting its “commitment to ensuring stability, strategic continuity and operational excellence as GoTo enters its next phase of sustainable growth and profitability.”
“Patrick has led GoTo through a transformation that strengthened the company’s financial fundamentals, sharpened operational focus and restored clarity on its long-term direction,” GoTo chief commissioner Agus Martowardojo said.
He added that Hans’ long experience in the ecosystem and commitment to the welfare of driver-partners and merchants made him “an ideal candidate to lead GoTo forward.”
