Jun 25, 2010

Glenn Yusuf enters into Kertas Basuki

Non Executive Director of CIMB Group Glenn Mohamad Surya Yusuf today has been mandated by share holder meeting to be president director of paper manufacturer PT Kertas Basuki Rachmat Indonesia Tbk (KBRI).
"Besides Gleen,  annual share holder meeting today also appoints President Commissioner Antonius Budi Setiawan Hudiana in Kertas Basuki Rachmat," said Corporate Secretary of Kertas Basuki Tiur Simamora.
Glenn Yusuf was former Head of Indonesian Bank Restructuring Agency. On January 25 2010, he has been appointed to be Non Executive Director of CIMB Group.
Antonius Hudiana was President Director of PT Barito Pacific Tbk (BRPT), owned by Indonesian tycoon Prajogo Pangestu.
Kertas Basuki is parent company of two paper producer PT Kertas Basuki Rachmat and operator of industrial timber PT HTI Basuki Rachmat.
As of April 30, Kertas Basuki is controlled by Adam Ariadji of 28.13%. PT Malindo Nusantara Cemerlang owns 24.87%, and Rennier A.R. Latief owns 13.97%, and public holders hold 33.03%.

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