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

Bonifasius
PRESIDENT DIRECTOR

Mr. Bonifasius, 55 years old, an Indonesian citizen. He holds position as President Director of the Company pursuant to the resolution 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. He currently serves as Head of Forestry Department of Golden Energy and Resources Ltd (“GEAR”), as a majority shareholder of the Company since April 2015. At present, he also serves as a member of Board of Commissioners and/or Board of Directors at several subsidiaries of the Company, such as BSL and EMS. He is also installed as a member of Board of Directors and/or Board of Commissioners in several subsidiaries of GEAR, such as Anrof Singapore Ltd, Shinning Spring Resources Ltd, Pacifcwood Invesment Ltd, PT Marga Buana Bumi Mulia, and PT Hutan Rindang Banua since 2012. He previously served as the Head of Operational Department of PT Baturona Adimulya (January 2010-March 2012) as well as financial analyst and President Director of PT Daya Sakti Unggul Corporindo, a member of Bina Surya Group Corporation (1991-2009). He graduated with a Bachelor of Economics (accounting) from Gadjah Mada University, in 1989, and obtained his Master in Economics (accounting) and a Doctorate in accounting management from the Indonesian Institute of Bussiness and Information (IBII) in 1998 and 2009, respectively.

Mr. Bonifasius is affiliated with majority and/or controlling shareholders of the Company. However, he is not affiliated with any member of Board of Directors and Board of Commissioners.

Megha Shyam Kada
VICE PRESIDENT DIRECTOR

Mr. Megha Shyam Kada, 36 years old, an Indian citizen. He was appointed as Vice President Director of the Company pursuant to the resolution of EGM of the Company dated November 14, 2019 and then reappointed for the second time by the AGM of the Company dated May 6, 2021.. Currently He serves as a member of Vice President Directors at several subsidiaries of the Company such as RCI, BSL and KIM, VP & Head of Corporate Finance – Asia Pacific of GMR Group – Coal Business since September 2018. Previously, He served as Head of Commercialisation of Instillmotion Consulting in Singapore (Oct 2016–Sept 2018), Southeast Asia Director in Deloitte & Touche Corporate Finance Pte Ltd (Aug 2013–Dec 2016), Manager–Strategy Planning and Business Development in Golden Agri Resources Ltd, Sinarmas Group – Singapore and Indonesia (Oct 2012–Aug 2013), Southeast Asia Manager in Deloitte & Touche Corporate Finance Pte Ltd (Oct 2010–Oct 2012), Senior Consultant in Grant Thornton (Mar 2007–Sept 2010), Management Accountant in Hyderabad International Airport Limited (Mar 2006–Feb 2007), and Audit Associate in Price Waterhouse, India (Feb 2004–Feb 2006). Mr. Megha Shyam Kadha earned his Bachelor’s degree in Commerce (Hons) from Osmania University, Hyderabad, India in 2003, He is also a Graduate Member of the Institute of Cost and Works Accountants of India since 2006 and  Associate Member of the Institute of Chartered Accountants of India since 2006.

He is not affiliated with any member of the Board of Commissioners and Board of Directors, nor with the Majority and Controlling Shareholders of the Company.

Kumar Krishnan
DIRECTOR

Mr. Kumar Krishnan, 56 years old, an Indian citizen. He was appointed as Director of the Company pursuant to the resolution of EGM of the Company dated January 12, 2012 and then reappointed for the third time by the AGM of the Company dated May 6, 2021. Currently, he also serves as a member of Board of Directors at several Company’s subsidiaries such as BIB, TKS, KCP, BBU and GEMSTR. Previously, he held positions as the Chief Financial Officer of GMR Group in Agribusiness Sector and as Vice President in new business of GMR Group. Mr. Kumar Krishnan was previously installed in various positions at several companies such as WIMCO, Marico, and Kewalram Chanrai Group, the Philippines. Mr. Kumar Krishnan earned his Bachelor’s degree in Commerce from University of Madras, India, in 1983. He is also a Chartered Accountant from the Institute of Chartered Accountants of India and has completed the Senior Management Program of the Indian Institute of Management, Ahmedabad, in 2009.

Mr. Kumar Krishnan is not affiliated with any member of Board of Directors and Board of Commissioners, nor with majority and/or controlling shareholders of the Company.

R. Utoro
DIRECTOR

Mr. R. Utoro, 60 years old, is an Indonesian citizen. He was appointed as Director of the Company pursuant to the resolution 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. In addition, he serves as Board of Directors and Board of Commissioners of the Company’s subsidiaries such as BIB, KIS, BBM. He previously served as a member of Audit Committee of the Company (March 2015 – November 2016). He also held position at PT Vale Indonesia (previously known as PT Inco Soroako (May 1984-October 1990) and PT Kaltim Prima Coal (“KPC”) (October 1990-Desember 2014) as Chief Mine Technical and Chief Operating Officer. He graduated with a Bachelor’s degree in Mechanical Production Engineering from Institut Teknologi 10 Nopember in Surabaya, in 1983.

Mr. R. Utoro is not affiliated with any member of Board of Directors and Board of Commissioners, nor with majority and/or controlling shareholders of the Company.

Suhendra
DIRECTOR

Mr. Suhendra, 47 years old, an Indonesian Citizen. He holds position as Director of the Company pursuant to the resolution of the AGM of the Company dated May 03, 2017 and then reappointed for the second time by the AGM of the Company dated May 6, 2021. He currently serves as Head of Finance and Accounting of the Company since 2016 and the member of the Board of Directors of the Company’s subsidiaries such as RCI, BSL and TKS. Previously He served as the member of the Board of Directors of PT Borneo Indobara (2013-2016), Head of Finance and Accounting of PT Borneo Indobara (Sept 2007 – 2013) and Group Accounting Manager of PT Galunggung Indosteel Perkasa (June 2005 – Sept 2007). He graduated with a Bachelor of Economics (Accounting) from STIE YAI in 1995 and obtained a Master in Economics (Accounting) from dari University of Persada Indonesia, YAI in 1997. Currently He is under a Doctorate in Economics (Accounting) program in University of Trisakti since 2016.

Mr. Suhendra is not affiliated with any member of the Board of Commissioners and Board of Directors, nor with the Majority and Controlling Shareholders of the Company.

Leonard Fedrik Sundarto
DIRECTOR

Mr. Leonard Fedrik Sundarto, 37 years old, an Indonesian citizen. He was appointed as Director of the Company pursuant to the resolution of the AGM of the Company dated June 10, 2016 and then reappointed for the second time by the AGM of the Company dated May 6, 2021. He currently serves as Head of Operations and Commercial Division at General Management Office of the Company since September 2015. In addition, he also serves in the Company’s subsidiary, such as as Board of Commissioners of KIM and its subsidiaries and TKS. Previously, he held various positions within the Company as Head of Mining Service Division (2013-2015), Manager of Business Development (2009-2013) and Business Control Staff (2008-2009). Prior to joining the Company, he was an auditor at Price Waterhouse Coopers (2005- 2007). He graduated as a Bachelor of Economics from Kwik Kian Gie School of Business in 2005. He then obtained his Master’s degree in management from Tarumanagara University in 2010.

Mr. Leonard Fedrik Sundarto is not affiliated with controlling shareholders of the Company, nor with any member of Board of Directors and Board of Commissioners of the Company.

 

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