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Garuda's shareholders appoint new finance director in latest shake-up
National flag carrier Garuda Indonesia’s shareholders have appointed a new finance director amid the airline’s financial struggle and low demand during the pandemic.
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A Garuda Indonesia airplane soars into a blue sky. (Shutterstock.com/e X p o s e)
National flag carrier Garuda Indonesia’s shareholders have appointed a new finance director amid the airline’s financial struggle and low demand during the pandemic.
The airline, in which the state has a majority stake, appointed Prasetio as the new finance director, to replace Fuad Rizal.
Garuda president director Irfan Setiaputra told reporters on Friday after an extraordinary general shareholders meeting that the decision was a “routine” event.
He said he hoped the new financial director could expedite the airline’s ongoing restructuring, negotiation and financial management process.
“This management change is nothing but a usual tour of duty. Pak Prasetio has commendable experience as a banker and a strong legal background,” he said.
After stints at banks like Bank Niaga and Bank Danamon Indonesia, Prasetio held the position of finance director at state-owned airline PT Merpati Nusantara Airlines from 2004 to 2005 as well as that of compliance and risk management director at state-owned telecommunication company PT Telekomunikasi Indonesia (Telkom) from 2007 to 2012.
