New Pertamina CEO chosen

Indonesian President Joko Widodo has reportedly appointed a new chief executive to state-run energy company Pertamina, local media wrote on Wednesday.

According to the Investor Daily, the president has named Elia Massa Manik as successor to acting CEO Yenny Andayani. Manik, currently running the state holding company for the plantations industry, Perkebunan Nusantara III, previously served as head of Pertamina unit Elnusa.

In early February, Pertamina CEO Dwi Soetjipto and Deputy President Director Ahmad Bambang were unexpectedly removed from their positions. The dismissals of Soetjipto and Ahmad Bambang were announced by the Indonesia’s Ministry of State-Owned Enterprises, which said it had acted upon a “leadership problem.”

One of the measures taken at the time was the elimination of the the position of deputy president director. Pertamina has yet to comment on the alleged appointment.