Antam Appoints New Leadership Through Extraordinary General Meeting

Key Changes in Company Leadership

PT Aneka Tambang Tbk (ANTM), commonly known as Antam, held an Extraordinary General Meeting (EGM) on December 15, 2025, at Hotel Borobudur, Jakarta ¹

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Source 5

https://finance.detik.com/bursa-dan-valas/d-8261077/antam-tiba-tiba-ganti-dirut-dijabat-purnawirawan-tni

. The meeting resulted in significant changes to the company's leadership structure.

New CEO Appointment

The EGM approved the appointment of Untung Budiharto, a retired TNI Major General, as the new CEO of Antam, replacing Achmad Ardianto who was honorably discharged after serving for only five months since his appointment on June 12, 2025 ⁵

. Budiharto brings extensive experience from his military background, having previously served as Pangdam Jaya ¹

Source 1

https://finance.detik.com/sosok/d-8261230/profil-untung-budiharto-eks-pangdam-jaya-yang-diangkat-jadi-bos-antam

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Changes in Board of Commissioners

In addition to the change in CEO, the EGM also approved the appointment of Irwandy Arif, a renowned mining and energy academic from Institut Teknologi Bandung (ITB), as the new President Commissioner. Irwandy replaced Rauf Purnama in this position ²

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Source 4

https://investasi.kontan.co.id/news/intip-rekomendasi-saham-aneka-tambang-antm-usai-rombak-jajaran-direksi

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Business Continuity

Despite the leadership changes, Antam remains committed to maintaining its business continuity, particularly in the gold sector where demand remains high ⁴

. The company's commitment to its core business operations is expected to continue under the new leadership.

Background of New Appointees

Untung Budiharto - New CEO

Untung Budiharto is a retired TNI Major General who has had a distinguished military career. Before joining Antam, he served as the Commissioner of PT Transportasi Jakarta (Transjakarta) since June 8, 2023 ¹

. His military background includes serving as Pangdam Jaya, Danrem in Bangka Belitung, and various other significant positions in the Indonesian military.

Irwandy Arif - New President Commissioner

Irwandy Arif is a professor of mining from ITB and has extensive experience in the energy and mining sectors. Before his appointment at Antam, he served as a Special Staff to the Minister of Energy and Mineral Resources from 2019 to 2024. He was also the President Commissioner of PT Bukit Asam Tbk (PTBA) from 2020 to 2025 ⁶

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Market Impact

The leadership changes at Antam are significant given the company's importance in Indonesia's mining sector. The appointment of a retired general as CEO may signal a shift in the company's operational or strategic direction. Investors will be watching closely to see how these changes impact Antam's operations and financial performance moving forward.