OJK Approves Riduan and Henry Panjaitan as Bank Mandiri CEO and Deputy CEO

Strengthening Leadership Structure

The Financial Services Authority (OJK) has officially approved Riduan as CEO and Henry Panjaitan as Deputy CEO of Bank Mandiri (BMRI) following a successful fit and proper test. This regulatory approval is crucial for the bank's leadership continuity and strategic execution. The decision was announced by M. Wisnu Trihanggodo, SEVP Corporate Relations of Bank Mandiri, highlighting the regulator's confidence in the bank's management team.

Strategic Implications

The appointments come at a critical time as Bank Mandiri focuses on business acceleration and corporate governance enhancement. Riduan, previously serving as Deputy CEO, brings extensive experience in corporate and commercial banking. His background in leading various strategic functions positions him well to drive the bank's intermediation acceleration and expand productive financing.

Business Impact

The OJK's approval is seen as a significant vote of confidence in Bank Mandiri's leadership capabilities. The bank is expected to continue innovating its services, strengthening its business fundamentals, and maintaining transparent and prudent governance practices. These moves are likely to enhance investor confidence and support the bank's growth trajectory in the competitive Indonesian banking sector.