Executive Summary

Key insights and market outlook

PT Bank Tabungan Negara (Persero) Tbk (BBTN) has appointed Didyk Choiroel, Secretary General of the Ministry of Housing and Settlements, as its new commissioner following an Extraordinary General Meeting of Shareholders (RUPSLB) on January 7, 2025. The appointment brings the total number of commissioners to seven and is part of BTN's strategy to strengthen its organizational structure and enhance business transformation. The decision is subject to OJK's fit and proper test approval.

Full Analysis

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Deep Dive Analysis

BTN Strengthens Leadership with New Commissioner Appointment

Strategic Expansion of Board Structure

PT Bank Tabungan Negara (Persero) Tbk (BBTN) has conducted an Extraordinary General Meeting of Shareholders (RUPSLB) on January 7, 2025, resulting in the appointment of Didyk Choiroel as the new commissioner ¹

²³. This decision brings the total number of commissioners to seven, maintaining the existing composition of leadership positions: Suryo Utomo as President Commissioner, Dwi Ary Purnomo as Vice President Commissioner, Fahri Hamzah and Didyk Choiroel as Commissioners, and Ida Nuryanti, Pietra Machreza Paloh, and Panangian Simanungkalit as Independent Commissioners ¹.

Business Transformation and Strategic Alignment

The appointment is part of BTN's strategic efforts to strengthen its organizational structure and enhance business transformation ³

. Nixon L.P. Napitupulu, BTN's President Director, emphasized that this change is crucial for maintaining the bank's adaptability to industry dynamics and future challenges ³. The restructuring aligns with national economic development policies and the evolving needs of the banking industry.

Regulatory Compliance and Governance

The RUPSLB also approved changes to the company's articles of association in line with the newly enacted State-Owned Enterprises Law (Law No. 16/2025) ⁴

. Additionally, the meeting delegated authority for approving the 2026 Work Plan and Budget (RKAP) to relevant corporate organs, ensuring compliance with regulatory requirements ⁴.

Leadership Continuity and Future Plans

The RUPSLB maintained continuity in the board of directors, with Nixon L.P. Napitupulu continuing as President Director and Oni Febriarto Rahardjo as Vice President Director ¹

. The new commissioner, Didyk Choiroel, currently serves as Secretary General of the Ministry of Housing and Settlements and will undergo the OJK's fit and proper test before assuming his new role ².

References