How’s the Roadmap for Defense SOE Holding?

M&A
Summary

The government establishes a defense holding state-owned enterprise (BUMN) consisting of PT Dirgantara Indonesia, PT Pindad, PT LEN Industri, PT Dahana, and PT PAL Indonesia. "LEN Industri is being prepared to lead the collaboration between SOEs in the defense industry cluster to achieve national independence," said LEN Industri Corporate Secretary Atini Hasanah.

To run the plan, Atini said the government overhauled LEN Industri’s board of directors and the directors' nomenclature. On December 10, 2020, Bobby Rasyidin was appointed as President Director. Meanwhile, the government-appointed Wahyu Sofiadi was appointed as Director of Business and Cooperation, Tazar Marta Kurniawan as Director of Technology, Linus Andor Mulana Sijabat as Director of Business Strategy and Portfolio, and Indarto Pamoengkas as Director of Finance and Human Resources. "Including an additional new position for the director of technology, the board of directors will consist of five," Atini said.

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