AGMS
and EGMS
Board of
Commissioners
Board of
Directors
Communication
with Shareholders
Stakeholder
Participation
Information
Disclosure
Risk
Management

Board of Commissioners


The Board of Commissioners (BoC) has performed its roles and responsibilities as supervisory board in accordance with its charter. BoC is the company’s body that performs supervisory function over the company’s management and to provide advice to the BoD in accordance with the Articles of Association, prevailing laws and regulations, and GCG principles.

The company’s BoC comprises five members, three of whom are representatives of the major shareholders and two are independent commissioners. This composition complies with the Articles of Association, prevailing laws and regulations and the BoC Charter, which stipulates that at least 30% of the BoC members should be independent commissioners. The composition of the BoC is based on consideration of the condition and the diversity of its members’ skills, knowledge and experience. All members of the company’s BoC possess integrity, competence and a good reputation, and act in good faith, prudently and responsibly, prioritizing the company’s best interests.

Adaro has a BoC Charter as a set of guidelines for the BoC. The charter became effective on March 31, 2015.

Mr Soeryadjaya is 66 and an Indonesian citizen. He is the son of the late William Soeryadjaya, founder of PT Astra International Tbk (Astra). He was appointed President Commissioner of PT Adaro Energy Tbk based on Deed No. 62 of April 18, 2008, and re-appointed based on Deed No. 95 of April 19, 2013.

He obtained a bachelor’s degree in Business Administration from the University of Southern California in 1974 and joined Astra in 1978. He helped lead Astra’s financial restructuring and path to IPO from 1987 to 1990, and left in 1993 as Vice President Director. In 1998, he and Sandiaga Uno founded Saratoga Capital, a investment company diversified into mining, infrastructure, oil, gas, toll roads, plantations, ports and cruises.

He is also President Commissionerof PT Adaro Strategic Investments, PT Adaro Strategic Lestari, PT Adaro Strategic Capital, PT Viscaya Investments, PT Biscayne Investments, PT Dianlia Setyamukti, PT Saratoga Investama Sedaya Tbk, PT Tower Bersama Infrastucture Tbk, PT Mitra Pinasthika Mustika Tbk and PT Lintas Marga Sedaya. He is a Director of Interra Resources Limited.

He is also Chairman of the Adaro Bangun Negeri Foundation and co-founder of William Soeryadjaya Foundation and is on the Supervisory Board of the Ora Et Labora Foundation.

 

Mr Rachmat, usually known as Teddy, is 72 and an Indonesian citizen. He started his career at PT Astra International Tbk in 1968 after graduating from the Bandung Institute of Technology with a degree in mechanical engineering. He was appointed Vice President Commissioner of Adaro based on Deed No. 62 of April 18, 2008, and re-appointed based on Deed No. 95 of April 19, 2013.

He was President Director of Astra from 1984 to 1998, served as a Commissioner from 1998 to 2000, was then President Director again from 2000 to 2002, then served as President Commissioner from 2002 to 2005.

He was also a Commissioner at PT Multi Bintang Tbk from 2002 to 2007. He was the founder of Triputra Group and currently is President Director of PT Triputra Investindo Arya and Vice President Commissioner of PT Surya Esa Perkasa Tbk.

He is also a Commissioner of PT Adaro Strategic Investments, PT Adaro Strategic Lestari, PT Adaro Strategic Capital, PT Viscaya Investments, PT Biscayne Investments and PT Dianlia Setyamukti. He serves on the Supervisory Board of Adaro Bangun Negeri Foundation.

Indonesian Citizen, 46.

She is Commissioner of PT Surya Semesta Internusa Tbk (April 2014 – now), PT. Dharma Satya Nusantara Tbk (April 2017 - now), President Director of PT. Tri Nur Cakrawala (January 2017 - now), PT Pandu Alam Persada (January 2017 – now), PT. Persada Capital Investama (January 2017 – now), and Director of PT. Panaksara (July 1999- now). She is also President Commissioner of PT. Anugrah Kirana Sarana (December 2013 –now), and, PT Nuansa Nirmana Artistika (December 2012 – now), PT Casa Maha Rasa (January 2006 – now), PT. Adaro Strategic Investment (December 2016 – now), PT. Adaro Strategic Lestari (December 2016 – now), and PT. Adaro Strategic Capital (December 2016 – now).

She earned Bachelor of Fine Arts in Fashion Design from Parsons School of Design and Master of Business Administration from Fordham University Graduate School of Business Administration, both in New York.

Mr Setyawan is 76 and an Indonesian citizen. He was appointed an Independent Commissioner of PT Adaro Energy Tbk based on Deed No. 62 of April 18, 2008, and re-appointed based on Deed No. 95 of April 19, 2013.

He earned a bachelor’s degree in mechanical engineering from Bandung Institute of Technology in 1962 and a diploma in ballistic engineering from the University of Belgrade’s Yugoslavian Military Science and Industry Institute in 1966.

He served in the Indonesian Army, reaching the rank of lieutenant colonel before retiring in 1981. He joined PT United Tractors Tbk in 1982, initially serving as a manager and later as Director and Commissioner until 1998.

He was also a Senior Vice President of PT Astra International Tbk from 1989 to 1997, President Director of PT Astra Mitra Ventura from 1992 to 1997, Asia Regional Director of GIBB Ltd from 1997 to 1999, Executive Vice President of PT Raja Garuda Mas from 2000 to 2002, Independent Commissioner of PT Pembangunan Jaya Ancol Tbk from 2004 to 2011, and President Commissioner of PT Jakarta Propertindo from 2010 to 2013.

He is also Chief Supervisor of Adaro Bangun Negeri Foundation.

Dr. Pardede is 55 and is an Indonesian citizen. He was appointed an Independent Commissioner of PT Adaro Energy Tbk based on Deed No. 147 of April 23, 2010, and re-appointed based on Deed No. 95 of April 19, 2013.

He is an economist and researcher, and earned a chemical engineering degree from Bandung Institute Technology in 1984 and a doctorate in economics from Boston University in 1995.

On graduation, he founded the Danareksa Research Institute, a pioneer on early warning indicators, consumer confidence index surveys and business sentiment indexes. He was Chief Economist and Division Head from 1995 to 2000 and was Executive Director from 2002 to 2004.

He was Vice Co-ordinator of the assisting team to the Indonesian Minister of Finance from 2002 to 2004. In 2010, he co-founded Creco Consulting with former Finance Minister Chatib Basri, and is currently its Managing Partner.

Last modified on May 10, 2017, 10:32 am | 3770