Timah director steps down after appointment at Pelindo unit

By Romel S. Gurky

State-owned tin miner PT Timah Tbk (IDX:TINS) said its business development director Suhendra Yusuf Ratuprawira has stepped down after being appointed to a director role at another state firm.

The company said the resignation followed Suhendra’s appointment as director at marine services firm PT Pelindo Jasa Maritim, a subsidiary of state-owned port operator PT Pelindo, as decided at an extraordinary general meeting of shareholders on April 20.

Under Indonesia’s state-owned enterprise regulations, directors are prohibited from holding concurrent board positions at multiple state firms.

Read also: Timah to begin REE processing development, partners with Perminas

Timah said Suhendra’s term as business development director ended effective April 20, with the change also confirmed in a formal notification submitted to the company on April 21.

The company added that the leadership change would not affect its operations, financial condition or business activities.

Editing by Reiner Simanjuntak