Executive Summary

Key insights and market outlook

PT GoTo Gojek Tokopedia Tbk (GOTO) has appointed Hans Patuwo as its new CEO, replacing Patrick Walujo, following an Extraordinary General Meeting of Shareholders (EGMS) on December 17, 2025 ¹

²³. The change is part of a leadership succession plan aimed at strengthening the company's long-term growth strategy. Patuwo, who previously served as COO and President of On-Demand Services, brings nearly eight years of experience within the GoTo group ².

Full Analysis

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Deep Dive Analysis

GoTo Appoints Hans Patuwo as New CEO in Leadership Succession Move

Strategic Leadership Change

PT GoTo Gojek Tokopedia Tbk (GOTO) has officially appointed Hans Patuwo as its new CEO and Group Chief Executive Officer, replacing Patrick Walujo, following a unanimous decision by shareholders during an Extraordinary General Meeting (EGMS) held on December 17, 2025 ¹

²³. This leadership transition is part of a pre-planned succession strategy designed to strengthen the company's position for future growth.

Key Leadership Changes

The EGMS also approved several other significant leadership changes: the resignation of Pablo Malay and Winato Kartono from the Board of Commissioners, and Ade Mulyana from the Board of Directors ¹

³. Consequently, Andre Soelistyo and Santoso Kartono were appointed as new members of the Board of Commissioners.

Hans Patuwo's Background and Vision

Hans Patuwo brings nearly eight years of experience within the GoTo ecosystem, having joined Gojek in 2018 as Chief Operating Officer (COO). He later led the Financial Technology unit known as GoTo Financial (GTF) in 2021, and was appointed as GOTO's COO in early 2024, overseeing group strategy and cloud migration projects. In July 2025, his responsibilities expanded to include President of On-Demand Services ²

.

Market Reaction and Analyst Insights

The leadership change received mixed market reactions, with GOTO shares experiencing weakness immediately following the EGMS announcement ⁵

. However, analysts from KISI Sekuritas believe that the management restructuring is focused on sharpening business execution and discipline rather than changing the business model, which could help restore investor confidence over time ⁴.

Strategic Focus Areas

Patuwo has emphasized his commitment to creating long-term value for all stakeholders within the GoTo ecosystem, particularly focusing on driver partners, business partners, and consumers who form the foundation of the company's success ²

³. The new leadership is expected to drive more disciplined business execution while maintaining strategic continuity.

References