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Qatar Telecom Replaces the CEO at Indonesian Subsidiary
Published on:
Qatar Telecom (Qtel) has announced that the CEO of its Indonesian subsidiary is to be replaced at the start of November. The management changes at Indosat follow an Extraordinary General Meeting (EGM) held earlier today at Indosat's offices in Jakarta.
Qtel owns approximately 65 percent of Indosat.
As a result of the meeting, Mr. Harry Sasongko Tirtotjondro is to be replaced as President Director and CEO by Mr. Alexander Rusli on 1 November 2012.
The company did not explain the reason for the meeting, or the changeover of
CEO, although it appears to be a routine changeover at the end of the term of
office.
Incoming CEO, Mr. Rusli has served as an Independent Commissioner on Indosat's
Board of Commissioners since January 2010 and currently serves as member of the
Remuneration Committee and Audit Committee.
His Excellency Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani, Chairman of the Qtel Group and President of Indosat's Board of Commissioners said: "Indosat has experienced a number of challenges over the last three years andwe are sincerely grateful for Mr. Sasongko's leadership in ensuring that the company has overcome these. The business now has the necessary structure and platform in place to effectively and efficiently deliver its value proposition to its customer base. We wish Mr. Sasongko every success for the future."
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