Jakarta, 17 July 2024 - PT GoTo Gojek Tokopedia Tbk (“GoTo” or “the Company”) today announced the appointment of a new CFO, strengthening its executive leadership as it accelerates its drive for sustainable growth. Experienced financial professional Simon Ho will take up the position on 30th August, and will subsequently join GoTo’s Board of Directors subject to shareholder approval at the next Extraordinary General Meeting of Shareholders (EGMS), which the Company plans to conduct on 30 August 2024.
Simon is a seasoned financial executive with over 25 years’ experience encompassing financial management, corporate strategy, capital markets, and investor relations. He began his career in management consulting before moving into the financial sector, holding senior roles at a number of international banks including Citigroup and ABN AMRO. He has also served as CFO at NYSE-listed financial technology platform FinVolution Group in China, and at Maya, a leading digital payments and digital banking company in the Philippines.
Simon will be based in Indonesia, reporting to GoTo Group CEO Patrick Walujo, and will oversee all finance and investor-related Group functions.
Patrick Walujo, President Director, GoTo Group said: “Simon’s broad experience and deep knowledge of financial markets will add significant value to our business as we drive GoTo towards sustainable growth. He will become a key member of our leadership team and will help to ensure the company returns long term value to our shareholders. I’d also like to thank our outgoing CFO Jacky for his time at GoTo, during which the company has achieved a greatly enhanced financial profile through significant improvements in profitability and reduced operating expenditure.”
Simon Ho said: “I have long been an admirer of the GoTo Group and its ability to improve lives for so many people throughout Indonesia and Southeast Asia. I am therefore very excited at the prospect of becoming part of the company’s journey and working with the management team to help make sure the company delivers on its true potential.”
Simon’s appointment comes at a pivotal point for the GoTo Group. Throughout 2023, the company rapidly accelerated its path to profitability before announcing a groundbreaking partnership with TikTok. Having increased revenues and improved cost efficiency, the company now aims to accelerate growth by reinvesting profit upside back into the business, while remaining committed to achieving Group adjusted EBITDA breakeven for the full year 2024.
Further details relating to GoTo’s upcoming EGMS will be announced at a later date.
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About GoTo Group
GoTo 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 provides a wide range of services including mobility, food delivery, groceries and logistics, as well as payments, financial services, and technology solutions for merchants. The ecosystem also provides e-commerce services through Tokopedia and banking services through its partnership with Bank Jago.
Contacts:
Media
GoTo Group: corporate.affairs@gotocompany.com
Investors/analysts
GoTo Group: ir@gotocompany.com
