Bank Mandiri to Hold EGM on December 19, 2025, to Discuss Major Changes

Extraordinary General Meeting to Address Key Corporate Matters

PT Bank Mandiri (Persero) Tbk. (BMRI), one of Indonesia's largest state-owned banks, is set to hold an Extraordinary General Meeting of Shareholders (EGM) on December 19, 2025. The meeting will address several critical agenda items that could significantly impact the bank's future operations and strategic direction.

Key Agenda Items

1. Changes to Management Structure: The EGM will discuss proposed changes to the company's management structure, as suggested by the holder of Series A Dwiwarna shares. This move follows recent leadership adjustments within the bank, including the appointment of Riduan as the new CEO in August 2025, replacing Darmawan Junaidi.

2. Amendments to Articles of Association: The meeting will also consider amendments to the bank's articles of association, which could potentially impact various aspects of the company's operations and governance.

3. Delegation of Authority for 2026 Budget: Another key agenda item is the delegation of authority regarding the approval of the company's work plan and budget for the year 2026. This move could streamline decision-making processes and provide more flexibility in financial planning.

Recent Leadership Changes

The upcoming EGM follows significant leadership changes at Bank Mandiri. In August 2025, Riduan was appointed as the new CEO, succeeding Darmawan Junaidi. Riduan, who previously served as Deputy CEO, took over the top leadership role while Henry Panjaitan was appointed as the new Deputy CEO. Other key leadership positions include Timothy Utama as Director of Operations, Sunarto as Director of Information Technology, and various other directors overseeing different aspects of the bank's operations.

Implications for Bank Mandiri

The decisions made during the upcoming EGM could have significant implications for Bank Mandiri's future direction. The proposed changes to the management structure, in particular, may indicate a shift in the bank's strategic priorities or operational focus. As one of Indonesia's largest banks, any significant changes at Mandiri are likely to be closely watched by investors and industry observers.