GOTO Faces Potential CEO Change Amid Grab Merger Talks

Shareholder Pressure Mounts

PT GoTo Gojek Tokopedia Tbk (GOTO) is facing significant pressure from its major shareholders, including SoftBank Group Corp, Provident Capital Partners, and Peak XV, who are reportedly pushing for the replacement of current CEO Patrick Walujo ¹

. This move is believed to be linked to the ongoing merger discussions between GOTO and Grab, with Badan Pengelola Investasi (BPI) Daya Anagata Nusantara (Danantara) also expected to play a role in the process.

Merger Discussions and Government Involvement

Pandu Sjahrir, Chief Investment Officer of Danantara, stated that the merger decision ultimately lies with Grab and GOTO, emphasizing the importance of business-to-business (B2B) aspects in the potential deal ²

. He noted that while the government has provided input, the companies involved will make the final decision.

Upcoming Shareholder Meeting

GOTO is scheduled to hold an Extraordinary General Meeting of Shareholders (EGMS) on December 17, 2025. While the specific agenda for the meeting has not been disclosed, the potential CEO change and merger discussions are expected to be key topics ¹

.