GOTO Appoints Hans Patuwo as New CEO in Major Leadership Shakeup

Strengthening Corporate Governance

PT GoTo Gojek Tokopedia Tbk (GOTO) has undergone significant leadership changes following an Extraordinary General Meeting of Shareholders (EGMS) held on December 17, 2025 ¹

²

Source 2

https://investasi.kontan.co.id/news/hans-patuwo-jadi-dirut-goto-begini-kata-analis

. The EGMS approved the appointment of Hans Patuwo as the new CEO and Group Chief Executive Officer, replacing the previous leadership of Patrick Walujo ¹

Source 1

https://investasi.kontan.co.id/news/ganti-ceo-harga-saham-goto-yang-turun-ke-66-ditarget-tembus-level-100

.

Strategic Rationale Behind Leadership Change

The change in leadership is viewed as a strategic move to enhance corporate governance and ensure the continuity of business strategies during the company's performance recovery phase. According to Muhammad Wafi, Head of Research at KISI Sekuritas, this management reshuffle is more focused on sharpening business execution and discipline rather than fundamentally changing the business model ¹

.

Market and Investor Implications

Analysts believe that this leadership change has the potential to rebuild investor confidence as GOTO focuses on achieving profitability, improving operational efficiency, and strengthening corporate governance ¹

. However, the impact on stock performance is expected to be gradual rather than immediate. "The effect on the stock is usually not instant but rather a medium to long-term process," Wafi explained ¹

Source 1

https://investasi.kontan.co.id/news/ganti-ceo-harga-saham-goto-yang-turun-ke-66-ditarget-tembus-level-100

.

Additional Changes in Corporate Structure

The EGMS also approved the appointment of Andre Soelistyo and Santoso Kartono as new commissioners, replacing Pablo May and Winato Kartono who resigned from their positions ²

. This comprehensive restructuring indicates a thorough approach to refreshing the company's leadership and governance structure.