Alex Rusli joins Indosat

Shareholders of the second largest telecommunication company PT Indosat (ISAT) Tbk have appointed Alexander Rusli, former special staff of minister of state-owned enterprises Sofyan Djalil, as commissioner of the company. He was also special staff for Djalil when the later was minister for information and communications.

Shareholders also appoint Chris Kanter, deputy chairman of Indonesian Chamber of Commerce and Industry (KADIN Indonesia), as commissioner. Rusli and Kanter replaced Michael Latimer and Setyanto Prawira Santosa.

Indosat stock price surged 6.6% to Rp5650 today. At that price, Indosat has market capitalization of Rp30.696 trillion or about US$3.3 billion. Indosat had total asset of Rp54 trillion as of September 2009.

Mr Alexander Rusli is currently a commissioner of PT Krakatau Steel (Persero), the 100% state-owned company that produces carbon-steel products. At ICT ministry, he was involved in the formulation of policy, regulation and in overseeing the national state ICT infrastructure projects, a position he held under two cabinet ministers. Mr. Rusli has also acted as a Principal Consultant for Pricewaterhouse Coopers. He holds a Doctor of Philosophy, Information Systems, Curtin University of Technology.
As for Mr Chris Kanter, he is Chairman and Founder of Sigma Sembada Group, a major turn key contractor with transportation and logistics arms. He had been Vice President of the Indonesian Chamber of Commerce and Industry (KADIN Indonesia), continuously since 1994. In addition to his commercial interests, Mr Kanter has also held a number of roles in the Indonesian Government and has been closely involved with The Policy Package for Improving Investment Climate in Indonesia.

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