Feb 18, 2012

Ibrahim Risjad passes away

One of Indonesian tycoon Ibrahim Risjad, father of businessman Rizal Risjad, has passed away on February 2012 in Singapore due to illness at the age of 77.
Ibrahim Risjad, stellar businessman during President Soeharto era,is a non-executive director of First Pacific Company Limited, a holding company of Indofood Group that is controlled by Anthony Salim.
Ibrahim Risjad joined the board of First Pacific since 25 May 1988. He becomes a member of commissioner of PT Indofood Sukses Makmur Tbk as well.
Rizal Risjad was former controlling shareholder of PT Berau Coal, that has been disposed to PT Bukit Mutiara, a subsidiary of Recapital Advisors. Now, Berau Coal is controlled by London-based Bumi Plc, previously known as Vallar Plc.

Disclosure: No position at the stock mentioned above.

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