GoTo Secures Shareholder Approval for $200 Million Buyback and Overhauls Executive Board
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JAKARTA, Investortrust.id — PT GoTo Gojek Tokopedia Tbk (GOTO), Indonesia’s leading digital ecosystem company, has secured shareholder approval for a share buyback plan worth up to $200 million (Rp 3.26 trillion), as announced during its Annual and Extraordinary General Meetings of Shareholders held in Jakarta.
In addition to the buyback, shareholders also ratified a major restructuring of the company’s leadership team. Monica Lynn Mulyanto has been appointed as Director and Chief People Officer; RA Koesoemohadiani as Director of Legal and Group Corporate Secretary; Ade Mulyana as Director of Public Affairs and Communications; Wuzhen (William) Xiong as Director and Chief Technology Officer; and Sudhanshu Raheja as Director and President of GoTo Financial.
Catherine Hindra Sutjahyo, formerly President of GoTo’s On-Demand Services unit, has been promoted to Deputy CEO and Vice President Director, replacing Thomas Husted. The appointment reflects her strategic leadership and operational contributions across the group.
Meanwhile, Hans Patuwo has been tasked with broader responsibilities as President of On-Demand Services, while retaining his position as Director and Group Chief Operating Officer.
Chief Executive Officer Patrick Walujo expressed gratitude to shareholders for their overwhelming support of the agenda, particularly the share repurchase plan and executive restructuring.
“We warmly welcome our new board members, whose experience and strategic insight will be instrumental in leading GoTo into its next phase of growth. We also extend our heartfelt thanks to our outgoing directors and commissioners for their dedication and valuable contributions,” Walujo said in an official statement on Wednesday.
He emphasized that the leadership refresh is a strategic move aimed at accelerating the growth of Indonesia’s digital economy and delivering long-term value for stakeholders.
GoTo President Commissioner Agus D. W. Martowardojo echoed the sentiment, calling the approvals a key milestone to ensure the company remains well-governed, forward-looking, and responsive to evolving stakeholder needs.
“I extend my deepest appreciation to the Board of Directors for their exceptional leadership and commitment in positioning the company where it is today. Going forward, the Board of Commissioners will continue working closely with the management team to enhance governance and support Indonesia’s development,” Martowardojo said.