John Riady the New Leader of Lippo Karawaci
Issuers property of Lippo Group, Lippo Karawaci, Tbk (LPKR IJ) conducts a thorough strategic transformation to recapitalized its company. One of them, appoints John Riady as Chief Executive Officer (CEO) effective immediately LPKR.
“I feel honored to hold the position as CEO of the company. I see a great opportunity to build one of the leading integrated real estate developer in Indonesia, to drive operational excellence, focus, and a more disciplined approach in the allocation of capital,”said John Riady in a formal description, Tuesday (12/3/2019).
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Currently John Riady also served as Commissioner of Siloam Internasional Hospital, Tbk (SILO IJ) and will lead the business of real estate portfolio of Lippo Group that exist today.
In addition, the company also announced the appointment of Surya Tatang as Chief Financial Officer, Peter Yu as Director of Projects, and Bret Matthew Ginesky as Head of Investor Relations. As for Marshall Martinus will continue his duties as Chief Operating Officer of Lippo Karawaci.
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In addition, management also appoints John Prasetio, former Ambassador RI in South Korea and current Commissioner of Indonesia Stock Exchange, as the President of the Independent Commissioners Lippo Karawaci replaced Theo L Sambuaga.
“I would like to thank Mr. Theo L Sambuaga and the members of the Board of Commissioners who will end his tenure, Mr. Agum Gumelar, Mr. Farid Harianto, and Mr. Sutiyoso, who has served as Commissioner of LPKR in some last year,”said John Prasetio LPKR in a press release.
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Old LPKR Board of Directors Ketut Budi Wijaya (CEO), Hendra Sidin, Tjokro Libianto, Richard Setiadi, Wijaya Subekti, Marshal Martinus, Tissadharma, Alwi Rubidium Sjaaf. From the name of the Board of Directors is retained is Marshal Martinus. The names of the new management will be required approval in the Annual General Meeting of shareholders on April 18, 2019.
“A new management team, led by John Riady, to run a new business strategy and capital allocation discipline to encourage sustainable growth, profitability, and shareholder value, ” wrote Lippo management.
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In the Executive’s profile at the official website of Matahari, John Riady (32 years) also became an Editor at Large at Berita Satu Media Holdings and Lecture of law at the University of Pelita Harapan.
He has licensed attorneys from New York and holds a philosophy, Politics and Economics from Georgetown University and an MBA from the Wharton School of Business. In addition, holds a Juris Doctor from Columbia University Law School.
