Key insights and market outlook
PT Jasa Marga (Persero) Tbk (JSMR) has undergone a leadership restructuring through an Extraordinary General Meeting of Shareholders (RUPSLB) on December 17, 2025. The changes include the appointment of Yaya Ruhiya as Director of Services and Ari Respati as Director of Business Development, replacing Mohamad Agus Setiawan. The company now has seven directors. In the commissioners' board, Tedi Kurniawan was appointed as Independent Commissioner, replacing Seppalga Ahmad.
PT Jasa Marga (Persero) Tbk (JSMR), a state-owned enterprise, has implemented significant changes in its management structure following an Extraordinary General Meeting of Shareholders (RUPSLB) held on December 17, 2025. The meeting resulted in key appointments and changes in both the board of directors and commissioners.
The shareholders meeting led to the appointment of two new directors, expanding the total number of directors to seven. Yaya Ruhiya was appointed as the new Director of Services, bringing fresh perspective to the company's service operations. Ari Respati took over as Director of Business Development, succeeding Mohamad Agus Setiawan in this critical role. These changes are expected to enhance the company's operational efficiency and business growth strategies.
In addition to the changes in the board of directors, the RUPSLB also made significant changes to the board of commissioners. Tedi Kurniawan was appointed as the new Independent Commissioner, replacing Seppalga Ahmad. This change brings new expertise to the company's oversight functions and is expected to strengthen corporate governance practices.
The restructuring of Jasa Marga's leadership is likely to have several implications for the company's future operations and strategic direction. With the addition of new directors and commissioners, the company is poised to enhance its operational capabilities and potentially explore new business opportunities. The changes reflect the company's efforts to adapt to evolving market conditions and regulatory requirements in Indonesia's infrastructure sector.
Leadership Restructuring
New Director Appointments
Commissioner Changes