Fri, 11 Jun 2004

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