Jan 23, 2012

Michael Baskoro step down remains vague

The sudden step down of Director Michael Baskoro Palwo Nugroho at the state-controlled gas distributor PT Perusahaan Gas Negara Tbk (PGN) remains vague. 
PGN Corporate Secretary Hery Yusup, as quoted by Okezone, said the temporary step down of Michael Baskoro is a decision of the company's board of commissioner.
"There will be an extraordinary general meeting of shareholders after 45 days of the step down," Heri said. 
PGN is now led by President Director Hendi Prio Santoso, Finance Director Riza Pahlevi Tabrani, Director of Technology and Develpment Jobi Triananda Hasjim, Director of Investment and Risk Management M. Wahid Sutopo, and Director of Human Resources and General Eko Soesamto Tjiptadi.  

Disclosure: No position at the stock mentioned above.

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