Massive Tasks Awaited Sarinah’s New Boss. Retail Transformation?

CEO silhoutte
Summary

The State-Owned Enterprises (BUMN) Minister, Erick Thohir, overhauled the directors of PT Sarinah (Persero). Erick removed Gusti Ngurah Putu Sugiarta Yasa from Sarinah’s President Director position and chose Fetty Kwartati as his successor. As a result, Fetty is now holding two positions: Sarinah’s President Director and Retail Director. “Sarinah will transform into a modern shopping center, especially for culinary products, lifestyles, and other products based on Indonesian cultural diversity,” the SOEs Ministry revealed in a statement on Tuesday (7/21).

The reshuffle of Sarinah uses SOE Ministerial Decree No. SK-247/MBU/07/2020 as a legal basis, stating that the new Sarinah’s directors in 2020 are:

  1. President Director and Director of Retail: Fetty Kwartati
  2. Director of Business Development: Lies Permana Lestari
  3. Director of Finance and Administration: Albert Aulia Ilyas
  4. Director of Trading and Property: Rakesh Kumar Ashok Adwani

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