Timah announces changes to board
Thursday, April 7 2016 - 02:23 PM WIB
IDX-listed state owned tin firm PT Timah Tbk announced the appointment of Riza Pahlevi as president director to replace Sukrisno as part of major changes to its Board of Directors and Commissioners.
The firm?s shareholders? meeting also appointed three directors -- Purwijayanto, Muhamad Rizki and Emil Ermindra -- to assist Riza but their specific positions in the Board of Directors have yet to be determined, the firm said in a statement.
Fahri Ali retains his position as President Commissioner, while the meeting appointed two new commissioners, namely Bagas Angkasa and Milawarma, to replace Suhendro and Emon Pangkapi.
Members of the Board of Commissioners and Directors are as follows:
Board of Commissioners
- Fahri Ali : President Commissioner
- Bagas Angkasa : Independent Commissioner
- Milawarma : Independent Commissioner
- Erfi Triassunu : Commissioner
- Eko Prasojo: Commissioner
- Mochtar Husein : Commissioner
Board of Directors:
- M Riza Pahlevi Tabrani : President Director
- Purwijayanto : Director
- Muhamad Rizki : Director
- Emil Ermindra : Director
The shareholders? meeting also decided to distribute 30 percent of the firm?s 2015 profit of Rp 101.56 billion, equal to Rp 30.8 billion as dividends, while keeping 68 percent of the profit or Rp 69.08 billion as general reserve and 2 percent or Rp 2.03 billion as environmental funds. Of the Rp 30.8 billion dividends, Rp 19.81 billion will be handed to the government and Rp 10.67 to the investing public.
Editing by Johannes Simbolon