Bank Mandiri Strengthens Governance with New Commissioner Appointments

Enhanced Oversight for Strategic Expansion

PT Bank Mandiri (Persero) Tbk (BMRI) has taken significant steps to reinforce its corporate governance and risk management framework through a recent Extraordinary General Meeting of Shareholders (EGMS) held on December 19, 2025. The EGMS resulted in the appointment of three new commissioners: Zulkifli Zaini as President/Independent Commissioner, M. Rudy Salahuddin Ramto as Vice President Commissioner, and B. Bintoro Kunto Pardewo as Independent Commissioner ¹

Strategic Rationale Behind the Appointments

As a state-owned bank playing a crucial role in Indonesia's economic growth, Bank Mandiri requires strong oversight to balance its expansion plans with robust governance practices. The new appointments bring diverse expertise that aligns with this objective. Zulkifli Zaini, the newly appointed President/Independent Commissioner, brings extensive banking experience having served as CEO of Bank Mandiri from 2010-2013 and later as CEO of PLN ¹

Key Profiles of New Commissioners

1. Zulkifli Zaini: With a background in civil engineering from ITB and an MBA from the University of Washington, Zulkifli has had a distinguished career in both banking and state-owned enterprises. His experience spans various strategic functions including project financing, institutional relations, and risk management.

2. M. Rudy Salahuddin Ramto: Currently serving as Secretary of the Investment Ministry/BKPM, Rudy brings valuable experience in public policy and investment governance. His academic background includes degrees from the University of Indonesia and George Washington University, making him well-suited to oversee Bank Mandiri's strategic direction ²

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3. B. Bintoro Kunto Pardewo: With previous roles at Bank Indonesia and Danareksa, Bintoro brings strong analytical capabilities backed by his educational background in mechanical engineering from UI and finance from Iowa State University and UI. His experience in monetary and financial sectors will strengthen Bank Mandiri's independent oversight function.

Impact on Bank's Governance and Operations

Corporate Secretary Adhika Vista stated that the EGMS decisions reflect shareholder confidence in Bank Mandiri's management direction. The strengthened Board of Commissioners is expected to maintain a balance between business growth acceleration and robust risk management practices. This move is seen as a positive step in enhancing internal oversight while supporting the bank's business expansion and transformation initiatives.

Conclusion

The appointments demonstrate Bank Mandiri's commitment to maintaining high governance standards while pursuing growth objectives. With the new commissioners' diverse expertise, the bank is well-positioned to navigate complex financial landscapes while maintaining market confidence.