An Extraordinary General Meeting of Shareholders was held with the sole agenda of changing the company’s management structure.
This step is part of the company’s strategy to strengthen governance and ensure leadership continuity to support transformation and sustainable business growth.
The adjustment in the management structure reflects the company’s commitment to maintaining an organization that remains adaptive to industry dynamics and future challenges, in line with national economic development policies.
“This change is part of the long-term strategy to strengthen the organizational structure, enhance cross-functional synergy, and accelerate strategic decision-making to support business transformation and contribute to a people-based economy,” said a representative.
During the meeting, shareholders approved changes to the company’s management lineup. The new board of commissioners and directors has been established to strengthen the direction of transformation and strategic leadership moving forward.
The new composition of the board of commissioners is as follows:
Chief/Independent Commissioner: Kuswiyoto
Deputy Chief/Independent Commissioner: Zainudin Amali
Commissioner: Muhammad Yusuf Ateh
Commissioner: Luky Alfirman*
Commissioner: Yuliot*
Independent Commissioner: Mia Amiati*
Independent Commissioner: Zulkifli Zaini*
The new composition of the board of directors is as follows:
President Director: Riduan*
Deputy President Director: Henry Panjaitan*
Operations Director: Timothy Utama
Information Technology Director: Sunarto Xie*
Human Capital & Compliance Director: Eka Fitria
Risk Management Director: Danis Subyantoro
Commercial Banking Director: Totok Priyambodo
Corporate Banking Director: M. Rizaldi*
Consumer Banking Director: Saptari*
Network & Retail Funding Director: Jan Winston Tambunan*
Treasury & International Banking Director: Ari Rizaldi*
Finance & Strategy Director: Novita Widya Anggraini*
_*Effective after approval from the Financial Services Authority regarding the Fit and Proper Test and compliance with applicable regulations._
“We extend our highest appreciation for the dedication and contributions of Mr. Darmawan Junaidi and Mr. Toni E.B. Subari, who have helped establish the company as one of Indonesia’s leading banking institutions. We believe this shareholder decision will further strengthen Bank Mandiri’s role in accelerating national growth for a more advanced Indonesia,” the representative added.
The bank stated that this step is expected to strengthen its position as a leading national financial institution and enhance stakeholder confidence through more solid and professional governance.
“We welcome Mr. Zulkifli Zaini and Mr. Henry Panjaitan to the new management formation. We believe the right composition will add value to the long-term business strategy and strengthen competitiveness in an ever-changing industry landscape,” the statement continued.
In terms of performance, the bank recorded a consolidated net profit of Rp13.2 trillion, growing 3.9% year-on-year (YoY) as of Q1 2025, reflecting the effectiveness of digital transformation and operational efficiency strategies. The Return on Equity (ROE) remained solid at 20.8% (bank only).
This was supported by 16.5% YoY loan growth, reaching Rp1,672 trillion as of March 2025, driven by positive growth in both wholesale and retail segments. The wholesale segment not only drove credit performance but also fueled retail growth through its ecosystem.
In credit distribution, the bank remains focused on prospective and resilient sectors such as infrastructure, energy, downstream ecosystems, and food & beverages, demonstrating its commitment to supporting national development and employment while strengthening a people-based economy.
Quality growth was also evident, with the Non-Performing Loan (NPL) ratio maintained at 1.01% (bank only) as of March 2025. The Cost of Credit (CoC) also improved to 0.71% from 0.99% the previous year.
“With a stronger and more solid management structure, we are optimistic about accelerating performance and contributing positively to national economic recovery and growth,” the statement concluded.
Several elementary schools (SD) in Bandung have begun adjusting to the new school entry
