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Krakatau Steels itself for a Management Overhaul

Wednesday, June 13, 2012

An overhaul of commissioners and directors at Indonesia's largest mill features in the agenda of its shareholders meeting this week. The candidates are current directors.

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A piece of startling news has been making its rounds at the headquarters of state-owned steelmaker Krakatau Steel in Cilegon, Banten, in the past two months. The State-Owned Enterprises Ministry is set to replace the mill's president director Fazwar Bujang, who would have been head of Krakatau Steel for exactly five years this November. "It's just a rumor. At this stage nothing is certain," said the corporate secretary of Krakatau Steel, Wawan Hernaw

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