Key insights and market outlook
PT Jasa Raharja has appointed Muhammad Awaluddin as its new CEO following an extraordinary general meeting of shareholders (RUPSLB) on December 31, 2025. Awaluddin previously served as Deputy CEO of Telkom Indonesia since May 27, 2025. The leadership reshuffle also saw changes in various director positions, with Dewi Aryani Suzana moving to Institutional Relations Director and Rubi Handojo taking over as Director of HR, General Affairs, and IT.
PT Jasa Raharja conducted an Extraordinary General Meeting of Shareholders (RUPSLB) on December 31, 2025, resulting in significant changes to the company's leadership structure. The meeting led to the appointment of Muhammad Awaluddin as the new CEO, replacing the previous interim leadership arrangement.
The RUPSLB decided on several key leadership changes:
Muhammad Awaluddin brings extensive experience to his new role. He previously served as Deputy CEO of Telkom Indonesia (Persero) Tbk since May 27, 2025. Before joining Telkom, he had a successful tenure as CEO of Angkasa Pura II from September 2016 to November 2023. More recently, he served as Chairman of the Board of Commissioners at Pelayaran Nasional Indonesia from January 2024 to May 2025.
The leadership changes are expected to bring fresh perspectives to Jasa Raharja's operations while maintaining continuity in key financial and risk management functions. The new leadership structure suggests a strategic focus on institutional relations and digital transformation, given the backgrounds of the newly appointed directors.
New CEO Appointment
Leadership Restructure
Corporate Governance Changes