AGM Overhauls Board of Directors and Commissioners While Appointing New President Director

PT Lippo Karawaci Tbk (LPKR) has officially announced changes to its board of directors and commissioners at the Annual General Meeting of Shareholders (AGM) held at the Aryaduta Menteng Hotel in Jakarta on Friday (8/5). During the meeting, shareholders approved the resignation of Marlo Budiman from his position as President Director of the company. In his place, shareholders appointed Indra Yuwana as President Director and Agus Arismunandar as Vice President Director, with terms effective from the close of the AGM. In addition to changes in the executive board, the AGM also approved the appointment of Bambang Soesatyo and Theo L Sambuaga as Independent Commissioners of the company. The company also ratified the Annual Report and financial statements for the fiscal year ending 31 December 2025. Amid macroeconomic pressures and weakening consumer demand throughout 2025, LPKR recorded revenues of Rp9.03 trillion with an EBITDA of Rp1.37 trillion. The company also posted a net profit after tax (NPAT) of Rp470 billion. Meanwhile, underlying NPAT increased by 57% to Rp630 billion, reflecting improved profitability and stronger operational execution. LPKR closed the 2025 fiscal year with a strong cash position of Rp1.96 trillion. Management stated that these achievements reflect the company’s focus on its core real estate and lifestyle businesses, enhanced operational efficiency, and more prudent financial management through cost control and debt reduction. “LPKR management welcomes the new board with high optimism and hopes that collaboration and strong leadership will bring significant added value to future business development,” the company’s management statement was quoted as saying on Monday (11/5). The latest composition of LPKR’s Board of Commissioners and Directors following the 2026 AGM is as follows: The Board of Commissioners is led by President Commissioner and Independent Commissioner Ginandjar Kartasasmita. The other Independent Commissioner positions are held by Bambang Soesatyo and Theo L Sambuaga. Meanwhile, the commissioners consist of Anand Kumar, Kin Chan, George Raymond Zage III, and Ketut Budi Wijaya. On the executive board, Indra Yuwana serves as President Director with Agus Arismunandar as Vice President Director. The other directors are Marshal Martinus Tissadharma, Surya Tatang, Dominique Dion Leswara, David Iman Santosa, and Fendi Santoso. The company is optimistic that these management changes will strengthen its business strategy, particularly in capturing growth opportunities in the property sector, which is still seen to have substantial prospects ahead.