Speaking during the Forbes Global CEO Conference in Jakarta last week, Prabowo said a law on SOEs had been revised to allow non-Indonesians to assume top positions in the sector with roughly 1,000 state firms.
“I’ve changed the regulations. Now, expatriates, non-Indonesians, can lead our state-owned enterprises. So, I’m very excited,” Prabowo told the conference on October 15.
The president said he had instructed state asset fund Danantara, which controls the operations of all Indonesian SOEs and invests their dividends on the government’s behalf, to “find the best minds and the best talents” to sit on SOE boards.
Kunduvara previously spent 25 years in Singapore Airlines, while Mills is an aviation expert who has worked with multiple airlines, including Scandinavian Airlines and Philippine Airlines.
