Julfi Hadi Resigns as CEO of Pertamina Geothermal Energy

Sudden Departure Announcement

PT Pertamina Geothermal Energy Tbk (PGEO), a leading geothermal energy company, has announced the resignation of its CEO, Julfi Hadi, effective from November 25, 2025. The company received Hadi's resignation letter on the same date and has confirmed that this change in leadership will not impact its operational activities, legal standing, financial conditions, or overall business continuity.

Regulatory Compliance and Next Steps

Following the resignation, PGEO is required to hold a Shareholders' General Meeting within 90 days, as mandated by POJK 33/2014 Article 8(3). This meeting will address the leadership change and other related matters. The company has assured stakeholders that the transition will be managed smoothly to maintain business stability.

Julfi Hadi's Background and Contributions

Julfi Hadi, who has been serving as the CEO of PGEO since June 2023, brings over 35 years of experience in the geothermal sector. He holds both a Bachelor's and Master's degree in Geology from the University of Texas, El Paso, USA. Hadi's career began as a geologist with Amoseas Indonesia, and he has been involved in significant geothermal projects such as Wayang Windu Unit-2 (110 MW) and Darajat Unit-3 (110 MWe) developments.

Impact on Geothermal Sector

The resignation comes at a time when Indonesia's geothermal sector is witnessing significant growth and investment. PGEO's assurance of business continuity is crucial for maintaining investor confidence and the stability of the energy sector. The company's leadership transition will be closely watched by industry stakeholders.