Erry Firmansyah, president commissioner of DOID

Erry Firmansyah, former CEO of Indonesia Stock Exchange (IDX), has been appointed as president commissioner of PT Delta Dunia Makmur (DOID) Tbk which has just acquired coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA) for US$550 million.

Shareholders also appointed Patrick Sugito Walujo as commissioner. Patrick is co-owner of Northstar Pacific, a fund manager and partner of Texas Pacific Group in Indonesia. Nothstar is the new controlling shareholder of DOID.

Meanwhile, Thomas K. Husted, has been appointed the new finance director of DOID. The new controlling shareholders acquired DOID shares at Rp1400/share. DOID stock price gained 3.8% to Rp1640 this morning. 

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