IDX-listed nickel producer PT Vale Indonesia Tbk. (IDX: INCO) is set to appoint a new President Director and CEO at its second Extraordinary General Meeting of Shareholders (EGMS), scheduled for Monday, July 28, 2025.
The appointment follows the failure of the first EGMS, held on July 18, 2025, to reach quorum. Only 1.96 billion shares—representing 18.62% of the company’s 10.54 billion outstanding shares—were represented at that meeting.
"The Board of Directors hereby invites all shareholders to attend the second EGMS on Monday, July 28, 2025, at 4:00 PM Western Indonesian Time at The Ritz-Carlton Jakarta Pacific Place," PT Vale stated in a disclosure to the Indonesia Stock Exchange (IDX).
According to company documents, three candidates have been nominated as the new President Director and CEO of Vale Indonesia, replacing Febriany Eddy, who currently serves as Managing Director of PT Danantara Asset Management (DAM), the holding of Danantara, Indonesia’s sovereign wealth fund.
The first candidate is Bernardus Irmanto, who has been temporarily appointed as Acting President Director and CEO of PT Vale. He also serves as PT Vale's Director and Chief Sustainability and Corporate Affairs Officer.
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Bernardus has been with PT Vale since 2007, having previously held the positions of Finance Director (2019-2024) and Human Resources and Corporate Services Director.
He holds a Global Executive MBA from the University of California Los Angeles – National University of Singapore and a Master's degree in Computer Engineering from the University of New South Wales. Bernardus also led the information technology department early in his career at PT Vale.
The second candidate is Budiawansyah, currently Head of Institutional Relations & Permits at Vale Indonesia. He has been with the company since 2004 and specializes in occupational safety and operational risk management in the Asia Pacific region.
Budiawansyah holds a Master's degree in Occupational Health and Safety from the University of Indonesia and a Bachelor's degree in Chemical Engineering from UPN Veteran Yogyakarta University. His career at PT Vale has included various positions, including Head of Mining Engineering (KTT) and Vice KTT for HSE and Emergency Response.
Meanwhile, the third candidate is Heriyanto Agung Putra, a professional who currently serves as Vice President Director of Zurich Indonesia. He has a background in human capital, including at PT Bank Danamon Indonesia Tbk. (BDMN) and PT Garuda Indonesia (Persero) Tbk. (GIAA).
Heriyanto holds a Master's degree in Business Policy from the University of Indonesia. At Garuda, he has held various strategic positions, including VP of Human Capital Management and VP of Business Support.
Editing by Reiner Simanjuntak
