Rosan Roeslani resigns as Bumi's director

By Romel S. Gurky

LSX-listed Bumi plc announced that Rosan Roeslani has resigned as a director of the company.

Bumi also reported statement from the UK Panel on Takeovers and Mergers regarding the ruling that Bakrie Group and Bukit Mutiara, a vehicle under indirect control of Roeslani, should be regarded as concert parties.

"In this context, Roeslani has resigned from the board, considering this to be in the best interests of the company," the statement said.

Following the resignations of Mr Roeslani, Ari Hudaya, Nat Rothschild and Indra Bakrie, who represented the founder shareholders in the Company, the board of Bumi will be composed of a substantial majority of independent directors.

It said that Nalin Rathod, a Bakrie Group nominee, has informed the Company that he will resign from the board as a non-executive director after the completion of the transaction to separate the Company from Bumi Resources.

Nick von Schirnding, who takes over as CEO of the Company in the New Year, said " Following the Panel's ruling we are pleased that we are now able to focus on a clear way forward out of the current unsatisfactory situation and progress the separation from the Bakrie Group and Bumi Resources, which will result in an operating group focused on Berau and with significant cash resources."

Editing by Adianto P. Simamora