GoTo CEO to Step Down; Private-Equity Investor to Take the Reins

By Yi Wei Wong

GoTo Gojek Tokopedia's chief executive will step down and be replaced by one of the group's early private-equity investors, a surprise move that marks the Indonesian tech company's second management shakeup of the year.

Jakarta, Indonesia-based GoTo said Thursday that Andre Soelistyo will step aside as chief executive and be replaced by Patrick Walujo, co-founder of Northstar Group, an early investor in Gojek, one of the founding entities of GoTo.

Thomas Husted, a former chief financial officer at Gojek from 2017 to 2021, will become chief operating officer.

GoTo also will also appoint Agus Martowardojo, a current company commissioner who served as head of the Indonesian central bank from 2013 to 2018, as president commissioner.

The changes are subject to shareholder approval at a meeting later this month, GoTo said.

The shakeup comes on the heels of a slew of management changes earlier this year that resulted in new roles for several top executives, including the appointment of Walujo and Martowardojo as commissioners.

Write to Yi Wei Wong at yiwei.wong@wsj.com

Corrections & Amplifications

This article was corrected at 0100 GMT on June 9. Thomas Husted was chief financial officer at Gojek from 2017 to 2021. The original version incorrectly said he was CFO at GoTo Gojek Tokopedia over that span.

(END) Dow Jones Newswires

June 08, 2023 05:48 ET (09:48 GMT)

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