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Bank Mandiri

The Complicated Road to the Top

Tuesday, May 24, 2005

The State Ministry for SOEs only nominated one candidate for the position of Bank Mandiri CEO. It is a coalition of old power.

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FOUR executives visited the president at his home in Puri Cikeas last Saturday night. The State Minister for State-Owned Enterprises (SOEs) needed to go to President Bambang Susilo Yudhoyono's house to discuss the candidates nominated for Bank Mandiri's management. The three individuals who accompanied him were Emirsyah Satar, CEO of Garuda, Iwan Pontjowinoto, Managing Director of Jamsostek (the SOE which manages Indonesia's so

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