JAKARTA - PT Lippo Karawaci Tbk (LPKR) today (12/3) has announced a strategic transformation plan to recapitalise the company. As part of the company’s transformation efforts, it has announced the appointment of new boards of commissioners and directors.
As announced on LPKR’s official website, the company’s new board of commissioners consists of John Prasetio as Independent President Commissioner along with Stephen Riady, George Raymond Zage III, Kin Chan, and Anangga W.
LPKR has also announced the appointment of John Riady as Chief Executive Officer, Surya Tatang as Chief Financial Officer, Peter Yu as Director of Projects, and Bret Matthew Ginesky as Head of Investor Relations.
“I see a great opportunity to build one of Indonesia’s renowned integrated real estate developers to encourage operational excellence, focus, and a more discipline approach in capital allocation,” said John Riady in an information disclosure.
“I hope I can work together with LPKR’s new Board of Commissioners and management team to provide our shareholders with a greater value.” (MS)