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Board of Directors


The BoD is the company’s organ which is fully responsible for managing the company collectively according to its vision and mission. Every member of the BoD shall perform their decision-making duty and day-to-day activities based on the segregation of duties and responsibilities. In addition, the BoD also required to ensure the effectiveness of the GCG implementations in the company.

BoD charter

Considering its important role in leading and managing the company, AEI’s BoD formulated the BoD Charter based on the prevailing laws and regulations and the Articles of Association. This charter serves as the guidance for the BoD members in carrying out their duties in an efficient, transparent, and competent manner.

AEI’s BoD Charter has been effective since 2015 and it is reviewed periodically based on GCG principles, capital market rules and regulations, and other applicable provisions. The BoD Charter governs matters concerning the BoD members’ objectives, duties and responsibilities, authorities, term of office, delegation of authority, BoD meetings, and relationship with the BoC. The BoD Charter was last updated in June 2019.

Download BoD charter here .

BoD composisition

AEI’s BoD consists of five members. The number of BoD members is determined by taking into account the company’s condition and members’ decision-making effectiveness. BoD members are appointed by considering their expertise, integrity, leadership, experience, honesty, good conduct, as well as the dedication to promote and develop the company. Moreover, AEI also have a Chief Financial Officer who is responsible for the planning and monitoring of the company’s financial condition.

The members of the Board of Directors may hold multiple positions provided that it is not in violation of the OJK Regulation No. 33/POJK.04/2014 and the BoD Charter. As at the end of 2020, none of AEI’s BoD members served as a director for more than two publicly listed companies and/ or as commissioners for more than three other publicly listed companies, including AEI, to fulfil the provisions as stipulated in the applicable laws and regulations.

At AGMS, all BoD members were reappointed for the term until the closing of the AGMS in 2026. The reappointment has taken into account the recommendations from the Nomination and Remuneration Committee, whose function is carried out by the company’s BoC.

In EGMS 2022 held online on February 9, 2022, the shareholders approved the appointment of Michael William P. Soeryadjaya to be a director of the Company with the term of office since the closure of the EGMS until the the closing of the AGMS in 2026.

Duties, responsibilities and authorities of the BoD

Every member of the BoD must comply with all provisions and carry out their duties under good faith and responsibility according to the provisions of the Articles of Association, the applicable laws and regulations, and the BoD Charter, and must always place the company’s interest above other interests. The BoD is also required to monitor the effectiveness of the implementation of GCG principles by the company and makes necessary adjustments on such.

The duties and responsibilities of each BoD members are determined jointly by all BoD members, which consist of a process to review, monitor, and oversee the implementation of corporate strategies, internal control, organizational development, human resources, and risk management. In performing its duties, the BoD is supervised and advised by the BoC. Certain policies require approval from the BoC or the GMS.

The Board of Directors can also set up committees for supporting the effectiveness of its duties and responsibilities. In the event that the Board of Directors sets up committees, it must evaluate the committees’ performance at the end of every fiscal year.

Throughout 2021, the BoD performed their duties and responsibilities in accordance with the BoD Charter. The BoD made a number of strategic decisions and took the required actions.

President Director & Chief Executive Officer (CEO)

The duty of the President Director is coordinating all of the Board of Directors’ activities. He/she is responsible for leading, directing, and controlling the implementation of all company’s policies and activities. Another key part is to act as a representative of the company in interacting with the stakeholders and ensure the good trust and mutually beneficial relations with them. The President Director must also ensure the availability of data and information for reporting in accordance with the applicable policies and the Articles of Association.

 

Vice President Director & Deputy Chief Executive Officer (Deputy CEO)

The Deputy CEO is responsible for ensuring that the company has effective internal organizations, efficient work systems that produce superior outputs, and sustainable markets.

 

Director & Chief Operating Officer (COO)

The Director & Chief Operating Officer (COO) is responsible for coordinating all production activities, ensuring that they are implemented efficiently and effectively. The COO also coordinates the development of new mines and coal reserves and resources.

 

Director & Chief Legal Officer (CLO)

The Director & Chief Legal Officer (CLO) is responsible for overseeing all legal matters for the company and serves as the primary legal advisor to the CEO. The CLO is also responsible for ensuring that all of the company’s activities comply with the applicable laws and regulations.

 

Director & Chief HRGA-IT Officer

The Director & Chief HRGA-IT is responsible for planning, developing, and executing the policies and strategies in the human resources field. The Chief HRGA-IT also cultivates a corporate culture based on the company’s value of integrity, meritocracy, openness, respect, and excellence.

Chief Financial Officer

The Chief Financial Officer (CFO) is responsible for the planning and monitoring of the company’s financial condition. The CFO collaborates with other directors in preparing the financial reports and work planning & budgeting of the company based on the condition. The CFO also coordinates activities related to independent auditors, tax auditors and government auditors. Externally, the CFO oversees and handles issues related to capital market regulations.

BoD meetings and decisions

As stipulated in AEI’s Articles of Association, OJK Regulation No. 33, and the BoD Charter, the BoD holds meetings at least once a month. The BoD is also required to have periodic meetings with the BoC at least once in four months.

The BoD meetings for the year are scheduled at the beginning of the year. The materials of the scheduled meetings are distributed before the date of the meeting. Any member of the BoD who is unable to attend the meeting can only be represented by one BoD member.

A BoD meeting is considered valid and binding to make a decision if it is attended by more than 1/2 (one half) of the total members of the BoD or their proxies. Meeting decisions are decided through deliberation to reach a consensus. However, if a decision is not reached through deliberation, the decision is made based on majority votes. The BoD meetings are minuted, including any dissenting opinions.

The BoD meetings are held to discuss the company’s operational and f inancial performance, coal market conditions, project progress and other issues that require attention and decision making.

In 2021, the BoD held 12 official meetings:

Name
Number of Attendance
%
Garibaldi Thohir 9 75
Christian Ariano Rachmat 11 92
Chia Ah Hoo 12 100
Mohammad Syah Indra Aman 10 83
Julius Aslan 12 100

The BoD also held 6 official meetings with the BoC:

Name
Number of Attendance
%
Garibaldi Thohir 4 67
Christian Ariano Rachmat 5 83
Chia Ah Hoo 6 100
Mohammad Syah Indra Aman 4 67
Julius Aslan 6 100

Change to the Board of Directors Composition

Based on the EGMS convened on 9th February 2022 in Jakarta, as stated in Deed No. 15 dated 15 February 2022 which had received the notification receipt from the Minister of Law and Human Rights of the Republic of Indonesia with the Letter No.AHU-AH.01.03-0101648 dated 15 February 2022, the Board of Directors appointed Michael W. P. Soeryadjaya as Director PT Adaro Energy Indonesia Tbk. As a result, the composition of the Board of Directors as at 9th February 2022 consisted of one President Director & Chief Executive Officer, one Vice President Director & Deputy Chief Executive Officer, and four Directors.

PT Adaro Energy Indonesia Tbk BoD members are:

Citizenship

Indonesian

Age

56 as at 31 December 2021

Education History

  • Bachelor of Business Administration, University of Southern California, USA
  • MBA, Northrop University, California, USA

Legal Basis of Appointment at PT Adaro Energy Indonesia, Tbk

Deed No. 62 of April 18, 2008, and re-appointed based on Deed No.31 of May 20, 2021

Career History

Work Experience

Founder, PT Wahana Ottomitra Multiartha (1997)

Concurrent Position

  • President Director, PT Adaro Energy Indonesia, Tbk
  • President Director, PT Adaro Minerals Indonesia, Tbk
  • President Director, PT Adaro Strategic Investments
  • President Director, PT Adaro Strategic Lestari
  • President Director, PT Adaro Strategic Capital
  • President Director, PT Viscaya Investments
  • President Director, PT Dianlia Setyamukti
  • Steering Committee, Adaro Bangun Negeri Foundation
  • President Commissioner, PT Alam Tri Abadi
  • President Commissioner, PT Alam Tri Bangun Indonesia
  • President Commissioner, PT Alam Tri Cakra Indonesia
  • President Commissioner, PT Alam Tri Daya Indonesia
  • President Commissioner, PT Adaro Indonesia
  • President Commissioner, PT Bhakti Energi Persada
  • President Commissioner, PT Maruwai Coal
  • President Commissioner, PT Kalteng Coal
  • President Commissioner, PT Sumber Barito Coal
  • President Commissioner, PT Juloi Coal
  • President Commissioner, PT Lahai Coal
  • President Commissioner, PT Ratah Coal
  • President Commissioner, PT Pari Coal
  • President Commissioner, PT Mustika Indah Permai
  • President Commissioner, PT Bukit Enim Energy
  • President Commissioner, PT Adaro Power
  • President Commissioner, PT Adaro Persada Mandiri
  • President Commissioner, PT Agri Multi Lestari
  • President Commissioner, PT Rehabilitasi Lingkungan Indonesia
  • President Commissioner, PT Adaro Tirta Mandiri
  • President Commissioner, PT Adaro Clean Energy Indonesia
  • President Commissioner, PT Batam Surya Energi
  • President Commissioner, PT Adaro Indo Aluminium (formerly PT Adaro Aluminium Indonesia)
  • Commissioner, PT Merdeka Copper Gold
  • Commissioner, PT Wahana Artha Harsaka
  • Commissioner, PT Surya Esa Perkasa Tbk,
  • President Commissioner, PT Trinugraha Food Industry
  • Director, PT Trinugraha Thohir
  • President Commissioner, PT GoTo Gojek Tokopedia Tbk (formerly PT Aplikasi Karya Anak Bangsa)
  • President Commissioner, PT Puncak Emas Tani Sejahtera
  • President Commissioner, PT Bumi Suksesindo
  • President Commissioner, Padangbara Sukses Makmur
  • President Commissioner, PT Pani Bersama Tambang

Training and Competency Development

None

Affiliated Relationship

Affiliated with the controlling shareholders of PT Adaro Energy Indonesia Tbk.

Domicile

Jakarta

Share Ownership

6.18%

Citizenship

Indonesian

Age

49 as at 31 December 2021

Education History

Bachelor’s degree in Industrial Engineering, Northwestern University, Illinois, USA

Legal Basis of Appointment at PT Adaro Energy Indonesia, Tbk

Deed No. 62 of April 18, 2008 , and re-appointed based on Deed No.31 of May 20, 2021

Career History

Work Experience

  • Business analyst, A.T. Kearney (1995)
  • Supply chain engineer, PT Toyota Astra Motors (1996 to 1998)

Concurrent Position

  • Vice President Director, PT Adaro Energy Indonesia Tbk
  • Director, PT Adaro Strategic Investments
  • Director, PT Adaro Strategic Lestari
  • Director, PT Adaro Strategic Capital
  • Director, PT Viscaya Investments
  • Director, PT Dianlia Setyamukti
  • President Director, PT Adaro Clean Energy Indonesia
  • President Director, PT Batam Surya Energi
  • Director, Coaltrade Services International Pte Ltd
  • Director, Adaro Capital Limited
  • Director, Kestrel Coal Resources Pty Ltd
  • Director, Kestrel Coal Group Pty Ltd
  • Commissioner, PT Alam Tri Abadi
  • Commissioner, PT Alam Tri Bangun Indonesia
  • Commissioner, PT Alam Tri Cakra Indonesia
  • Commissioner, PT Alam Tri Daya Indonesia
  • Commissioner, PT Adaro Indonesia
  • Commissioner, PT Bhakti Energi Persada
  • Commissioner, PT Maruwai Coal
  • Commissioner, PT Kalteng Coal,
  • Commissioner, PT Sumber Barito Coal
  • Commissioner, PT Juloi Coal
  • Commissioner, PT Lahai Coal
  • Commissioner, PT Ratah Coal
  • Commissioner, PT Pari Coal
  • Commissioner, PT Mustika Indah Permai
  • Commissioner, PT Adaro Power
  • Commissioner, PT Adaro Tirta Mandiri
  • President Commissioner, PT Batam Sarana Surya
  • President Commissioner, PT Karimun Sarana Surya
  • Commissioner, PT Adaro Indo Aluminium (formerly PT Adaro Aluminium Indonesia)
  • Director, PT Triputra Investindo Arya
  • Director, PT Trikirana Investindo Prima
  • President Director, PT Dharma Inti Anugerah
  • President Director, PT Alam Lestari Permai
  • President Director, PT Sinar Ganda Jaya
  • President Director, PT Alam Permata Nusantara,
  • Commissioner, PT Triputra Permata Nusantara
  • Commissioner, PT Padangbara Sukses Makmur
  • Vice President Comissioner, PT Bumi Alam Sejahtera

Training and Competency Development

None

Affiliated Relationship

Affiliated with the controlling shareholders of PT Adaro Energy Indonesia Tbk.

Domicile

Jakarta

Share Ownership

0.05%

Citizenship

Malaysian

Age

63 as at 31 December 2021

Education History

Bachelor’s Degree in Civil Engineering, University of Windsor, Canada

Legal Basis of Appointment at PT Adaro Energy Indonesia, Tbk

Deed No. 62 of April 18, 2008, and re-appointed again based on Deed No.31 of May 20, 2021

Career History

Concurrent Position

  • Director, PT Adaro Energy Indonesia Tbk
  • President Director, PT Alam Tri Abadi
  • President Director, PT Alam Tri Bangun Indonesia
  • President Director, PT Alam Tri Cakra Indonesia
  • President Director, PT Alam Tri Daya Indonesia
  • Director, PT Viscaya Investments
  • President Director, PT Adaro Indonesia
  • President Commissioner, PT Paramitha Cipta Sarana
  • President Commissioner, PT Semesta Centramas
  • President Commissioner, PT Laskar Semesta Alam
  • Commissioner, PT Maruwai Coal
  • Commissioner, PT Kalteng Coal
  • Commissioner, PT Sumber Barito Coal
  • Commissioner, PT Juloi Coal
  • Commissioner, PT Lahai Coal
  • Commissioner, PT Ratah Coal
  • Commissioner, PT Pari Coal
  • President Director, PT Adaro Indo Aluminium (formerly PT Adaro Aluminium Indonesia)
  • Director, Adaro Capital Limited
  • Director, Kestrel Coal Resources Pty ltd
  • Director, Kestrel Coal Group Pty Ltd
  • Director, Adaro Australia Pty Ltd
  • Commissioner, PT Adaro Minerals Indonesia Tbk
  • (formerly PT Jasapower Indonesia)

Training and Competency Development

None

Affiliated Relationship

None

Domicile

Jakarta

Share Ownership

0.03%

Citizenship

Indonesian

Age

54 as at 31 December 2021

Education History

  • Bachelor’s Degree in Law, University of Indonesia, Indonesia
  • LLM (Master of Laws), University of Washington, USA

Legal Basis of Appointment at PT Adaro Energy Indonesia, Tbk

Deed No. 126 of 20 April 2011, and re-appointed based on Deed No.31 of May 20, 2021

Career History

 

Work Experience

  • Lawyer, Minang, Warman, Sofyan SH & Associates
  • Lawyer, Lubis, Ganie & Surowidjojo

Concurrent Position

  • Director, PT Adaro Energy Indonesia Tbk
  • Director, PT Alam Tri Abadi
  • Director, PT Alam Tri Bangun Indonesia
  • Director, PT Alam Tri Cakra Indonesia
  • Director, PT Alam Tri Daya Indonesia
  • Commissioner, PT Adaro Indonesia
  • Commissioner, PT Paramitha Cipta Sarana
  • Commissioner, PT Semesta Centramas
  • Commissioner, PT Laskar Semesta Alam
  • Commissioner, PT Maruwai Coal
  • Commissioner, PT Kalteng Coal
  • Commissioner, PT Sumber Barito Coal
  • Commissioner, PT Juloi Coal
  • Commissioner, PT Lahai Coal
  • Commissioner, PT Ratah Coal
  • Commissioner, PT Pari Coal
  • Commissioner, PT Mustika Indah Permai
  • Commissioner, PT Saptaindra Sejati
  • Commissioner, PT Adaro Minerals Indonesia Tbk.,(formerly PT Jasapower Indonesia)
  • Commissioner, PT Adaro Jasabara Indonesia
  • Commissioner, PT Adaro Mining Technologies
  • President Commissioner, PT Adaro Logistics
  • President Commissioner, PT Indonesia Bulk Terminal
  • President Commissioner, PT Sarana Daya Mandiri
  • President Commissioner, PT Puradika Bongkar Muat Makmur
  • President Commissioner, PT Maritim Barito Perkasa
  • President Commissioner, PT Harapan Bahtera Internusa
  • Commissioner, PT Barito Galangan Nusantara
  • Commissioner, PT Adaro Power
  • Commissioner, PT Adaro Persada Mandiri
  • Commissioner, PT Agri Multi Lestari
  • Commissioner, PT Rehabilitasi Lingkungan Indonesia
  • President Commissioner, PT Alam Sukses Lestari
  • President Commissioner, PT Hutan Amanah Lestari
  • Commissioner, PT Adaro Tirta Mandiri
  • Commissioner, PT Adaro Clean Energy Indonesia
  • Commissioner, PT Batam Surya Energi
  • Commissioner, PT Batam Sarana Surya
  • Comissioner, PT Karimun Sarana Surya
  • Director, PT Adaro Indo Aluminium (formerly PT Adaro Aluminium Indonesia)
  • Director, Coaltrade Services International Pte Ltd
  • Director, Adaro Capital Limited
  • Director, Kestrel Coal Resources Pty Ltd
  • Director, Kestrel Coal Group Pty Ltd
  • Director, Adaro Australia Pty Ltd

Training and Competency Development

None

Affiliated Relationship

None

Domicile

Jakarta

Share Ownership

-

Citizenship

Indonesian

Age

58 as at 31 December 2021

Education History

Bachelor’s Degree in Electrical Engineering, National Institute of Science and Technology, Indonesia.

Legal Basis of Appointment at PT Adaro Energy Indonesia, Tbk

Deed No. 95 of April 19, 2013, and re-appointed based on Deed No.31 of May 20, 2021

Career History

Work Experience

  • Marketing Director, PT Astra Honda Motor, 2009
  • Human Resources Director, PT Astra Honda Motor, 2007
  • Human Resources Director, PT Astra Agro Lestari Tbk,
  • 2006
  • Human Resources Director, Bank Permata, 2004
  • Corporate Human Resources Chief, PT Astra International Tbk, 2001
  • Management Trainee, PT Astra International Tbk

Concurrent Position

  • Director, PT Adaro Energy Indonesia Tbk
  • Commissioner, PT Alam Tri Abadi
  • Commissioner, PT Alam Tri Bangun Indonesia
  • Commissioner, PT Alam Tri Cakra Indonesia
  • Commissioner, PT Alam Tri Daya Indonesia
  • Commissioner, PT Adaro Indonesia
  • Commissioner, PT Maruwai Coal
  • Commissioner, PT Kalteng Coal
  • Commissioner, PT Sumber Barito Coal
  • Commissioner, PT Juloi Coal
  • Commissioner, PT Lahai Coal
  • Commissioner, PT Ratah Coal
  • Commissioner, PT Pari Coal
  • President Commissioner, PT Saptaindra Sejati
  • President Commissioner, PT Adaro Jasabara Indonesia
  • President Commissioner, PT Adaro Mining Technologies
  • Commissioner, PT Adaro Logistics
  • Commissioner, PT Indonesia Bulk Terminal
  • Commissioner, PT Puradika Bongkar Muat Makmur
  • Commissioner, PT Maritim Barito Perkasa
  • Commissioner, PT Harapan Bahtera Internusa
  • Commissioner, PT Barito Galangan Nusantara
  • Commissioner, PT Adaro Power
  • Commissioner, PT Adaro Indo Aluminium (formerly
  • PT Adaro Aluminium Indonesia)

Training and Competency Development

None

Affiliated Relationship

None

Domicile

Jakarta

Share Ownership

0,04%

Citizenship

Indonesian

Age

52 as at 31 December 2021

Education History

Bachelor’s Degree in Accounting, Atma Jaya Catholic University, 1994

Legal Basis of Appointment at PT Adaro Energy Indonesia, Tbk

Appointed by AEI Board of Director, 1 December 2018

Career History

Work Experience

Auditor, Public Accounting Firm Prasetio, Utomo & Co

Concurrent Position

  • Director, PT Alam Tri Abadi
  • Director, PT Alam Tri Bangun Indonesia
  • Director, PT Alam Tri Cakra Indonesia
  • Director, PT Alam Tri Daya Indonesia
  • Director, PT Dianlia Setyamukti
  • Commissioner, PT Adaro Indonesia
  • Commissioner, PT Paramitha Cipta Sarana
  • Commissioner, PT Semesta Centramas
  • Commissioner, PT Laskar Semesta Alam
  • Commissioner, PT Bhakti Energi Persada
  • Commissioner, PT Maruwai Coal
  • Commissioner, PT Kalteng Coal
  • Commissioner, PT Sumber Barito Coal
  • Commissioner, PT Juloi Coal
  • Commissioner, PT Lahai Coal
  • Commissioner, PT Ratah Coal
  • Commissioner, PT Pari Coal
  • Commissioner, PT Saptaindra Sejati
  • Commissioner, PT Adaro Minerals Indonesia
  • Tbk.,(formerly PT Jasapower Indonesia)
  • Commissioner, PT Adaro Jasabara Indonesia
  • Commissioner, PT Adaro Mining Technologies
  • Commissioner, PT Adaro Logistics
  • Commissioner, PT Indonesia Bulk Terminal
  • Commissioner, PT Sarana Daya Mandiri
  • Commissioner, PT Maritim Barito Perkasa
  • Commissioner, PT Harapan Bahtera Internusa
  • Commissioner, PT Adaro Power
  • Commissioner, PT Adaro Persada Mandiri
  • Commissioner, PT Agri Multi Lestari
  • Commissioner, PT Rehabilitasi Lingkungan Indonesia
  • Commissioner, PT Adaro Tirta Mandiri
  • Director, PT Adaro Indo Aluminium (formerly PT Adaro Aluminium Indonesia)
  • Director, Adaro Capital Limited
  • Director, Adaro Australia Pty Ltd

Training and Competency Development

None

Affiliated Relationship

None

Domicile

Jakarta

Share Ownership

-

Citizenship

Indonesian

Age

35 as at 31 December 2021

Education History

Bachelor of Arts degree in Business Administration, Pepperdine University, USA

Career History

Concurrent Position

  • President Director, PT Saratoga Investama Sedaya Tbk
  • Director, PT Adaro Energy Indonesia Tbk
  • Director, PT Adaro Strategic Investments
  • Director, PT Adaro Strategic Lestari
  • Director, PT Adaro Strategic Capital

Training and Competency Development

None

Affiliated Relationship

Affiliated with the controlling shareholders of PT Adaro Energy Indonesia Tbk.

Domicile

Jakarta

Last modified on June 23, 2022, 10:13 am | 85961