Cacuk Sudarjanto passes away at 65

Cacuk Sudarjanto passes away at 65

The Jakarta Post, Jakarta

Cacuk Sudarijanto, a respected professional who once chaired
the now-defunct Indonesian Bank Restructuring Agency (IBRA), died
on Thursday afternoon here after battling a stroke and kidney
failure.

He is survived by a wife and five children. He was 65.

Cacuk was appointed in 2002 by then president Abdurrachman
Wahid to replace Glenn Yusuf as the chief of IBRA, a powerful
post-crisis agency in charge of handling assets taken over from
large debtors.

Born in Tulungagung, East Java, Cacuk began his career with
international computer giant IBM, then moved to state
telecommunications firm Indosat as a director between 1980 and
1988 before joining another state telecommunications firm
Perumtel as president.

Under his leadership, Perumtel changed its status to a limited
liability company and is now known as PT Telkom. He was credited
with bringing modern management to the firm and changing it from
a firm that resembled a government office to a more efficient and
respected company.

Cacuk also assumed the top post at Bank Mega from 1996 to
1998.

Under the administration of president B.J Habibie, he was
appointed director-general for development of small- and medium-
sized businesses. -- JP