Friday, February 16, 2007

Iwan Pontjo resigns, replaced by Hotbonar

Knowing that he has slim chance to be reappointed, Iwan Pontjowinoto said he'll tender his resignation as the CEO of PT Jamsostek at the shareholder meeting on Friday night as Hotbonar Sinaga, the chairman of Indonesian Insurance Council (DAI), was about to be the appointed as the new CEO.

In an interview with Detik.com minutes before the meeting, Mr Pontjo said even if shareholder reappoint him, he prefers to go. Meanwhile, Bisnis.com reported today that Hotbonar is the strongest candidate to replace Mr Pontjo.
The shareholder meeting, as reported by Detik.com few minutes ago, had finally appointed Hotbonar as the new Jamsostek CEO.

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