Kevin Aluwi (left) and Andre Soelistyo / Photo credit: Gojek
Shareholders of Indonesian tech firm GoTo Group have approved the resignation of Andre Soelistyo from his position as president director of the company.
Following the development, which Soelistyo announced earlier this month, he will assume a new role as a GoTo commissioner, according to a statement released after the firm’s annual general meeting of shareholders.
“Alongside the other members of the board of commissioners, I look forward to continuing to oversee and provide direction to GoTo’s management team,” Soelistyo said in the statement.
Patrick Walujo, managing partner of Northstar Group, was appointed as the new president director and CEO of GoTo.
“I am deeply honored to continue my journey with GoTo as its president director and CEO as we move toward profitability and sustainable long-term growth,” Walujo said in the statement.
According to a recent report, Walujo is expected to hold the CEO role for only a short period, focusing on improving GoTo’s profitability.
“Walujo taking the reign will open a possibility to make some uncomfortable changes, which must be seized. I do not, however, see him in the position for long because ultimately he is an investor and still has Northstar to run,” an industry source told Tech in Asia in a previous interview.
See also: GoTo Group’s financial health in 4 charts