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Jakarta Post

Karen gets rare extension to lead Pertamina

Jakarta   /   Wed, March 6 2013   /  10:33 am

Karen Agustiawan: (JP/Ricky Yudhistira)Shareholders of Pertamina have approved the reappointment of the 54-year-old Karen Agustiawan as the president of the state oil and gas company but her second term is still subject to approval from President Susilo Bambang Yudhoyono, a minister said.

After weeks of silence, State-Owned Enterprises Minister Dahlan Iskan said in Jakarta on Tuesday that the annual shareholders meeting of the state oil and gas company last week had decided to extend Karen’s five-year tenure as her term of office would end on Tuesday.

Dahlan said Karen’s reappointment was still “temporary” as it requires approval from Yudhoyono, who is now on state visits to Germany and Hungary. The President was expected to give his approval after returning this Friday, he added.

If approved by the President, the first female boss of PT Pertamina would beco...