Jakarta, 6 June 2022 - PT GoTo Gojek Tokopedia Tbk (“GoTo” or “the Company”) announced today the agenda for its Annual General Meeting of Shareholders (AGMS), due to be held on 28 June 2022, which includes proposed changes to GoTo’s Board of Commissioners and Board of Directors. The agenda was disclosed via the Indonesia Stock Exchange (IDX) and published on the Company's website.
Kevin Aluwi, Gojek Co-Founder and CEO, and GoTo Director, will transition from his executive position to strengthen GoTo’s Board of Commissioners. In his new role, Kevin will support GoTo’s senior leaders in delivering the Company’s vision and mission, and work to empower progress for everyone in the GoTo ecosystem and the communities where it operates.
He will also continue to represent Gojek in the electric vehicle space in support of the company’s commitment to zero emissions by 2030. As part of this, Kevin will become a commissioner at Electrum, a joint venture between Gojek and TBS Energi Utama that aims to build an integrated and holistic two-wheel EV ecosystem in Indonesia.
Pending shareholder approval, Andre Soelistyo, GoTo Group CEO, will assume Kevin's roles and responsibilities working closely with Gojek's leadership team to execute GoTo's on-demand strategy.
Kevin Aluwi, GoTo Director, and Gojek Co-Founder and CEO, said, "I am extremely proud of how Gojek has grown to become Indonesia’s leading on-demand business that is relied on by millions of people, both at home in Indonesia and throughout Southeast Asia. The business, led by our strong and experienced management team, is performing well, with on-demand services gross revenue growing 58% in 1Q22 alongside positive signs of recovery in mobility. I am incredibly optimistic about the future, especially following the creation of GoTo and our listing on the Indonesia Stock Exchange.”
"We have invested significantly in building a diverse management team with a strong work ethic and a deep understanding of our values, and I am confident that they, under Andre’s steady leadership, will continue executing the strategy that has turned on-demand services into such a powerful part of the GoTo Group."
“After almost a decade of leading Gojek, I feel that the time is right for me to move to a less day-to-day role. As a member of the Board of Commissioners, I will continue to be involved at a strategic level with GoTo management, and also have more time to explore my personal interests within the technology space. I’m a builder at heart and I’m deeply passionate about how technology can be used to move the world to a better place; some areas I’m particularly excited to be more involved in are web3, gaming, and climate tech.”
Andre Soelistyo, GoTo CEO said, “We are hugely grateful to Kevin for his leadership at Gojek as CEO and for his ongoing contribution to the success of GoTo Group, first as a member of our Board of Directors, and soon as a member of our Board of Commissioners.
“I have had the privilege of working alongside Kevin for almost a decade and I am grateful to have been able to work closely with him and other leaders to form GoTo, ultimately bringing the Company to list on the IDX. I have always admired his vision and drive to improve the world for others. He has played a pivotal role in turning Gojek into the world-class technology platform that it is today, and has built a strong management team that has been instrumental in guiding the company through the COVID pandemic. I look forward to working with them to ensure a seamless transition, as we continue to build Indonesia’s leading on-demand ecosystem."
“In his new role as commissioner, Kevin's experience and expertise in delivering technological solutions will provide significant value for GoTo's future success and that of the communities we serve. I also can’t wait to see Kevin’s next endeavor, which I am sure will create as much positive impact as Gojek," said Andre.
Kevin will take Caesar Sengupta's seat on the GoTo Board of Commissioners, as Caesar steps down to focus on his growing company, Arbo Works, and continue in his role as a commissioner at GoTo Financial.
Caesar is a veteran of 15 years at Google, leaving his last position as General Manager and Vice President for Payments and Next Billion Users to start Arbo Works in April 2021. He is currently Co-Founder and CEO of Arbo Works, a venture funded fintech company based in the US and Singapore.
Andre added: “We are very grateful for Caesar’s support especially during the GoTo IPO preparation period when his advice and experience proved invaluable to our teams. We are very excited that he will continue to provide his highly valued mentorship and insight as he continues in his capacity as a commissioner at GoTo Financial.”
Kevin's transition from the Board of Directors to the Board of Commissioners will be effective after obtaining shareholder approval at the AGMS on 28 June 2022.
Items on the GoTo AGMS agenda are:
1. Approval of the Company’s annual report for the financial year of 2021 which has been reviewed by the Board of Commissioners, including the ratification of the consolidated financial statements of the Company and its subsidiaries for the financial year which ended on 31 December 31, 2021; approval of granting full release and discharge (acquit et de charge) to all members of the Board of Directors and Board of Commissioners of the Company for their management and supervisory duty carried out throughout the financial year which ended on December 31, 2021;
2. Determination of salaries and allowances for the Board of Directors and the Board of Commissioners for 2022;
3. Appointment of an Independent Public Accountant who will audit the Company's 2022 financial statements;
4. Report on the realization of the use of proceeds resulting from the IPO;
5. Renewal of the delegation of authority to the Board of Commissioners for the issuance of new shares in relation to the proposed International Initial Public Offering;
6. Delegation of authority to the Board of Commissioners for the issuance of new shares to be granted to members of the Board of Directors, members of the Board of Commissioners, and/or employees of the Company and its subsidiaries based on the Share Ownership Program;
7. Conversion of the Company’s status from a foreign direct investment company to a domestic investment company (Company Status Conversion)
8. Increase in capital without giving pre-emptive rights to a maximum of 10% of the issued and paid-up capital of the Company;
9. Changes in the composition of the Board of Commissioners and/or Board of Directors of the Company;
10. Amendment of the Company’s Articles of Association in relation to (i) the Company Status Conversion; and (ii) an increase in the issued and paid-up capital as the implementation of the increase in capital without granting the right to preemptive securities up to a maximum of 10% of the issued and paid-up capital of the Company.
- END -
Company Overview
PT GoTo Gojek Tokopedia Tbk (GoTo Group) is the largest digital ecosystem in Indonesia. GoTo's mission is to "empower progress" by offering technology infrastructure and solutions that help everyone to access and thrive in the digital economy. The GoTo ecosystem consists of on-demand services (mobility, food delivery, and logistics), e-commerce (third party marketplaces + official stores, instant commerce, interactive commerce, and rural commerce), and financial technology (payments, financial services, and technology solutions for merchants) through the Gojek, Tokopedia, and GoTo Financial platforms.
Media Contact:
Corporate Affairs, GoTo
