PT PLN (Persero) has reshuffled its board of directors following a General Meeting of Shareholders (RUPS), according to reports from local media including CNBC Indonesia and Kompas.com. The restructuring appoints Yusuf Didi Setiarto as Deputy Director and Sulistyo Biantoro as Finance Director, while adding ITB graduate Daniel Karmel Fernando to the leadership team.
- Yusuf Didi Setiarto assumes the role of Deputy Director.
- Sulistyo Biantoro takes over as Finance Director.
- Daniel Karmel Fernando joins the board of directors.
- The changes were formalized through a General Meeting of Shareholders (RUPS).
Who is leading the new PLN board?
The General Meeting of Shareholders officially reorganized the leadership structure of Indonesia’s state-owned electricity company, according to Kompas.com. A central shift in the hierarchy is the appointment of Yusuf Didi Setiarto as the Deputy Director (Wakil Direktur Utama), as reported by detikFinance. This role typically serves as the primary support to the President Director in managing the utility’s massive operational scale across the archipelago.
How does the new financial leadership look?
Financial oversight of the utility has shifted to Sulistyo Biantoro, who has been named the new Finance Director. According to Warta Ekonomi, Biantoro’s appointment comes as part of the broader board overhaul. In a state-owned enterprise like PLN, the Finance Director manages capital expenditure for infrastructure and coordinates with the government on electricity subsidies and pricing tariffs.
What is the background of the new board members?
The reshuffle also introduces Daniel Karmel Fernando to the board of directors. Reports from Listrik Indonesia highlight Fernando’s academic credentials, noting he is a graduate of the Institut Teknologi Bandung (ITB), one of Indonesia’s premier technical universities. While some outlets focus on the administrative list of the RUPS, Listrik Indonesia emphasizes Fernando’s technical background as a key addition to the leadership team.
Why these leadership changes matter for the energy sector
Board rotations in state-owned utilities often signal shifts in corporate strategy or a push for operational efficiency. By appointing a mix of experienced executives like Setiarto and Biantoro alongside technically trained leaders like Fernando, PLN is balancing administrative management with technical expertise. This restructuring occurs as the company manages the complex transition toward more sustainable energy sources and the modernization of the national power grid.
