Jakarta, Indonesia, February 8, 2023 – PT GoTo Gojek Tokopedia Tbk (“GoTo” or “the Company”) has today unveiled a strengthened GoTo Group leadership team, as the company continues to focus on enhancing corporate governance as well as faster and more efficient execution to drive the business towards profitability. The changes were announced as part of the Invitation to the Extraordinary General Meeting of Shareholders (EGMS) of the Company, to be held on 2 March 2023. The agenda includes proposed changes to GoTo’s Board of Commissioners and Board of Directors, including the appointment of an additional Independent Commissioner, and was publicly released today via the Indonesia Stock Exchange (IDX) and the Company's website.

Proposed changes to the GoTo Board of Commissioners and Board of Directors

Subject to Shareholder approval at the EGMS, GoTo will enhance and diversify its Board of Commissioners and Board of Directors. Proposed changes are:

• Agus Martowardojo to be appointed as Commissioner. Martowardojo brings over 30 years of experience in banking and finance, and is one of Indonesia’s most respected business and regulatory figures. His senior roles include President Director of Bank Mandiri from 2005-2010, and Governor of Indonesia’s Central Bank from 2013 until 2018. Prior to that, Martowardojo held the post of Indonesia’s Minister of Finance (2010-2013), during which time he was recognised as Finance Minister of the Year for Asia Pacific by The Banker (Financial Times) in 2012.
• Marjorie Lao to be appointed as Independent Commissioner. Lao brings with her deep experience in corporate finance, having been CFO at LEGO Group and held leadership roles at Cisco Systems, Inc, McKinsey & Company and The Procter & Gamble Company. She also holds Board positions at Logitech and the European advisory board of Harvard Business School.
• Patrick Sugito Walujo to be appointed as Commissioner. Patrick is Co-Founder and Managing Partner at Northstar group, which was formed in 2003 and has grown to become one of Indonesia’s leading private investment firms. Patrick started his career at Goldman Sachs London and New York and is a former Senior Vice-President at Pacific Century Ventures, Tokyo.
• Winato Kartono to be appointed as Commissioner. Winato is a founding partner at Provident, with 25 years of experience in founding, investing, building and operating businesses. Winato began his career at Bank Sumitomo Niaga, then moved to Arthur Andersen Indonesia, prior to joining Citigroup. Winato spent 8 years at Citigroup and rose to the position of Head of Investment Banking in Indonesia.
• Kevin Aluwi will step down from the Board of Commissioners while remaining a holder of Multiple Voting Shares (MVS) of the Company.
• Anthony Wijaya will step down from the Board of Directors to focus more of his time on GoTo's e-commerce strategy as Tokopedia's Chief Operating Officer.
• The company will appoint two additional members to the Board of Directors:
• Pablo Malay, Director and Chief Corporate Officer, will oversee Corporate Development, Partnerships and Legal.
• Nila Marita, Director and Head of External Affairs, will oversee Corporate Affairs as well as Public Policy and Government Relations.

Andre Soelistyo, GoTo CEO said, “I am honored that Pak Agus is nominated as a new GoTo Commissioner. He is no stranger to the business, having been appointed President Commissioner of Tokopedia prior to the formation of GoTo. His extensive knowledge and experience as a respected business leader as well as his solid track record in leading Indonesia’s Finance Ministry and the Central Bank will be invaluable in providing sound stewardship and guidance in the next phase of GoTo’s journey as we focus on making our company profitable.

“I am also pleased to welcome Marjorie, Patrick and Winato to our Board of Commissioners. Their appointments reflect GoTo’s commitment to ensuring rich expertise and diverse views, including those of our shareholders, that will aid us as we execute the Group’s strategy to drive further growth and efficiency. I am thankful to Kevin for his tremendous support and look forward to continuing to work with him as an MVS Holder, towards progressing our mission and achieving our goals.”

Business unit Presidents and group management structure

GoTo has appointed Presidents to lead each of its three business units. Melissa Siska Juminto, currently GoTo Chief Human Resources Officer, and Tokopedia Chief Operating Officer, will be appointed President, E-Commerce, while retaining her Group HR role; Catherine Hindra Sutjahyo, currently Head of Food and Indonesia Sales & Ops, Gojek, will be appointed President, On-Demand Services; Hans Patuwo, currently Head of Payments and Financial Services at GoTo Financial will be appointed President, Financial Technology. All three Presidents are highly experienced within their respective businesses and will report directly to the GoTo Group CEO, Andre Soelistyo, while working closely together to leverage synergies between the business units.

At the same time, William Tanuwijaya will transition from his day to day executive responsibilities at Tokopedia to dedicate his time primarily to GoTo Group business. He will continue in his role as GoTo Commissioner, as Co-Chairman together with Garibaldi Thohir, and play a more active role in supporting GoTo management in the implementation of long term Company strategy.

William Tanuwijaya said, “I'm grateful to have spent the last 15 years founding and building Tokopedia. Now, I look forward to dedicating my life to building and achieving the vision and mission of the GoTo Group, working closely with the management team and everyone in the company to create one of the world's most iconic and meaningful businesses."

Andre added, “Appointing Presidents to support the Group is a key and unifying step for us as we aim to drive the ecosystem forward as one GoTo. The Group has embarked on a new chapter as a listed company, which calls for a new type of management that can work together towards the common goal of establishing GoTo as a globally unique ecosystem. Melissa, Catherine and Hans are highly experienced leaders with proven track records and I am proud that we are able to elevate homegrown talent of this caliber into these bigger roles, so the company can benefit from fresh ideas and renewed focus as we progress on our accelerated path to profitability.

“At the same time, I would like to thank William for his tireless commitment in building Tokopedia from the ground up, steering it through our momentous combination and listing as GoTo to chart a new course for growth in Indonesia’s digital economy. I look forward to working even more closely with him in his new capacity to bring even greater impact to the wider GoTo ecosystem.”

GoTo has also reconfigured elements of its leadership structure to strengthen decision making and streamline execution:

• A new Technology Office will be created to build common engineering platform tools which can scale across the Group to accelerate innovation and integration, while reducing costs. The Technology Office will be led by Severan Rault, Chief Technology Officer (CTO) at Gojek who will take on a new role as GoTo CTO.
• A Shared Consumer Platform office will be created to accelerate and unify the one GoTo experience for customers. This will be led by Tokopedia’s Chief Product Officer, Ramesh Gururaja, who will also take on the additional responsibility of leading the Shared Consumer Platform office.
• GoTo has initiated a process to rationalize its delivery and fulfillment capabilities across Gojek and Tokopedia under GoTo Logistics. Kevin Widlansky, CEO of Swift Fulfillment and Logistics, a subsidiary of GoTo, will lead GoTo Logistics as Head.
• Investor Relations will be re-aligned under Group CFO, Jacky Lo, whose responsibilities will expand to also encompass all investor engagement and the Group’s financial reporting obligations.
• GoTo Group President Patrick Cao, will transition to a new role to lead the GoTo Future Fund, an endowment fund, which will focus on sustainable investing that supports GoTo’s ‘Three Zeroes’ by 2030 commitments (zero emissions, zero waste, zero barriers).

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Editor’s Note

Upon obtaining approval from shareholders at the EGMS, the Company’s Board of Commissioners and Board of Directors at the adjournment of the EGMS will be as follows:

About GoTo Group

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.

Contacts:

Media

corporate.affairs@gotocompany.com

Investors/analysts

ir@gotocompany.com