Key insights and market outlook
PT Jasa Marga Tbk (JSMR) has announced significant changes to its management structure following an Extraordinary General Meeting of Shareholders (RUPSLB) on December 17, 2025. The changes include the addition of a new Director of Services position and the replacement of the Director of Business Development. Yaya Ruhiya has been appointed as the new Director of Services, while Ari Respati replaces M Agus Setiawan as Director of Business Development.
PT Jasa Marga Tbk (JSMR), a leading Indonesian toll road operator, has implemented major changes to its corporate leadership structure following an Extraordinary General Meeting of Shareholders (RUPSLB) held on December 17, 2025. The restructuring includes the creation of a new Director of Services position, with Yaya Ruhiya being appointed to this role. Additionally, the company has replaced its Director of Business Development, with Ari Respati taking over from M Agus Setiawan.
The management restructuring at Jasa Marga is likely to have significant implications for the company's strategic direction, particularly in the areas of service delivery and business development. The addition of a dedicated Director of Services suggests a focus on enhancing customer experience and operational efficiency across Jasa Marga's toll road network. Meanwhile, the change in leadership at the Business Development department could signal a shift in the company's approach to new business opportunities and expansion plans.
As a major player in Indonesia's infrastructure sector, Jasa Marga's management changes are being closely watched by investors and industry observers. The company's ability to effectively implement its new leadership structure and drive business growth will be critical to its future success in the competitive toll road operating environment.
Management Restructuring
New Director Appointments