Jan 21, 2012

PGN Director Michael Baskoro abdicates

Board of Commissioner of the state-controlled PT Perusahaan Gas Negara Tbk (PGN) has stepped down Director Michael Baskoro Palwo Nugroho starting on January 20 2012.
Corporate Secretary Heri Yusup at PGN, in an official disclosure filed to Indonesia Stock Exchange (IDX), said the BoC's decision is in line with PGN's charter.
However, Heri Yusup did not mentione the reason of the director's step down. For temporary, the duty of Michael Baskoro will be handed over to other directors.
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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