Board of Commissioners of the Company as of May 6, 2021*

Lokita Prasetya
PRESIDENT COMMISSIONER

Mr. Lokita Prasetya, 54 years old, is an Indonesian Citizen and was appointed as President Commissioner of the Company pursuant to the approval of AGM of the Company dated May 6, 2021. Currently, He also serves as Director of PT Dian Swastatika Sentosa Tbk. Previously, He served as President Director of PT Sulfindo Adiusaha (2016-2017), President Director of PT Merak Energi Indonesia (2007-2016), Director of PT Artha Sumatera Energi (2010-2016), Director of PT Satomo Indovyl Polymer, and PT Satomo Indovyl Monomer (1994-2002), and the Executive Director of PT Standard Toyo Polymer (1993-1995). He graduated from Sepuluh Nopember Institute of Technology in 1987, Bachelor of Mechanical Engineering  and held a Master’s degree in management from IPMI School of Economics in 2004.

Mr. Lokita Prasetya has an affiliation with the substantial shareholder and/or controlling shareholders of the Company. He is not affiliated with members of Board of Directors and Board of Commissioners of the Company.

Avinash Ramakant Shah
VICE PRESIDENT COMMISSIONER

Mr. Avinash Ramakant Shah, 63 years old, an Indian citizen. He was appointed as Vice President Commissioner of the Company pursuant to the resolution of the AGM of the Company dated May 3, 2013 and then reappointed for the third time by the AGM of the Company dated May 6, 2021. Presently, he also served as the Vice President Commissioner of BIB and BSL, Company’s subsidiaries. He joined GMR Group in July 2006 as Senior Vice President – Power Business Division. Initially, he was the Head of Hydro Power Business and then took over the position of a Head of Thermal Coal Business Development and in-charge of the implementation of 2×300 MW project in Warora, Maharashtra and 2×685 MW project in Raikheda, Chhattisgarh, India. Previously, he worked with IBM as Asia Pacific Manager, GE Capital, and ICICI Bank. He graduated as a Chemical Engineer from Indian Institute of Technology, Delhi, in 1978 and held a Master’s degree in management from Indian Institute of Management, Calcutta, in 1982.

Mr. Avinash Ramakant Shah is affiliated with majority and/or controlling shareholders of the Company. He is not affiliated with any member of Board of Directors and Board of Commissioners.

Fuganto Widjaja
COMMISSIONER

Mr. Fuganto Widjaja, 38 years old, an Indonesian Citizen and was appointed as the Commissioners of the Company pursuant to the approval of the EGM of the Company dated November 25, 2016 and then reappointed for the second time by the AGM of the Company dated May 6, 2021. Currently, He also serves as Commissioner of BIB, Company’s subsidiary, President Director of PT Berau Coal Energy Tbk, Executive Director and Group CEO of Golden Energy and Resources Ltd, a company domiciled in Singapore and Commissioner of PT Sinar Mas Multiartha. Previously, He served as Investment Analyst at UBS Bank Singapore (2003), President Director of PT Super Wahana Tehno (2005-2006) and Vice President Director of BIB (2006-2011). He graduated from College of Arts and Sciences, Cornell University, majoring in Computer Science and Economics in 2003, and from Cambridge University as well, Judge Institute of Management Studies in 2004.

Mr. Fuganto Widjaja has an affiliation with the substantial shareholder and/or controlling shareholders of the Company. He is not affiliated with members of Board of Directors and Board of Commissioners.

Ketut Sanjaya
INDEPENDENT COMMISSIONER

Mr. Ketut Sanjaya, 68 years old, an Indonesian Citizen. He was appointed as an Independent Commissioner of the Company pursuant to the approval of the EGM of the Company dated February 21, 2011 and then reappointed for the third period by the AGM of the Company dated May 6, 2021. Currently, He serves as Chairman and also member of Audit Committee of PT SMART Tbk and PT Bank Sinarmas Tbk. Previously, He held the position as Commissioners in PT Bank Barclays Indonesia and held the following positions in Bank Indonesia, senior Banking Researcher (2008-2009), Director of Supervisory Bank (2007-2008), The Chairman of Bank of Indonesia branch Denpasar (2004-2007), Bank Supervisor (1994-2004), Bank Examiner (1985-1994), and Credit Analyst (1979-1983). He graduated from Universitas Padjajaran in 1977 majoring in Engineering and Master of Management dari Arthur D Little Management Education Institute, Boston, USA in 1984.

Mr. Ketut Sanjaya is not affiliated with members of Board of Directors and Board of Commissioners, as well as substantial shareholders and/or controlling shareholders of the Company.

Dr. Ir. Bambang Setiawan
INDEPENDENT COMMISSIONER

Mr. Bambang Setiawan, 69 years old, an Indonesian Citizen. He was appointed as an Independent Commissioner of the Company pursuant to the approval to the EGM dated January 12, 2012 and then reappointed for the third period by the AGM of the Company dated May 6, 2021. Currently, He serves as Independent Commisoners in PT Trada Alam Minera Tbk. Previously, He was a carrier officer in Directorate General of Mineral and Coal, Ministry of Energy and Mineral Resources. Prior to his retirement in April 1, 2011, He was the Director General of Mineral, Coal, and Geothermal, Ministry of Energy and Mineral Resources (since July 2008) and Secretary of Directorate General of Mineral, Coal and Geothermal. Mr. Bambang Setiawan graduated from Institut Teknologi Bandung (“ITB”), Bachelor Program of Mining Exploration Engineering in 1976. He holds his PhD degree from The Ecole Nationale Superieure Des Mines de Paris, France, majoring in Geology and Mining Exploration in 1993.

Mr. Bambang Setiawan is not affiliated with members of Board of Directors and Board of Commissioners, as well as substantial shareholders and/or controlling shareholders of the Company.

Madhu Ramachandra Rao
INDEPENDENT COMMISSIONER

Mr. Madhu Ramachandra Rao, 70 years old, an Indian Citizen. He was appointed as an Independent Commissioner of the Company pursuant to the approval to the AGM of the Company dated May 6, 2021. Currently, He serves as Independent Director of GMR Hyderabad International Airport Limited since 2018. Previously, He worked at  Shangri-La Asia Ltd with the latest appointment as the Executive Director (1988-2017) and as the partner in N M Raiji & Co  (1976-1998). Mr. Madhu Ramachandra Rao graduated from Mumbai University, India, Bachelor of Commerce in 1971 and a he is a Fellow member of Institute of Chartered Accountants of  India.

Mr. Madhu Ramachandra Rao is not affiliated with members of Board of Directors and Board of Commissioners, as well as substantial shareholders and/or controlling shareholders of the Company.

 

*Based on AGMS Resolution as of May 6, 2021.