Former Public Works Ministry spokesperson becomes Commissioner at PTPP
Jakarta – PT PP (Persero) Tbk (PTPP) overhauled its management line-up at the Annual General Meeting of Shareholders (RUPS Tahunan) for the 2025 financial year, held at PTPP’s headquarters in Jakarta on Tuesday, 19 May 2026. The changes to the management team were one of seven agenda items approved by shareholders during the meeting. The company said that shareholders approved changes to PTPP’s Board of Commissioners and Directors.
In addition to the changes to management, the AGM also approved other items, including the approval of the financial statements, appointment of a public accountant, amendments to the company’s Articles of Association, and the delegation of authority related to the company’s long-term plans.
Based on the AGM decision for the 2025 financial year, the composition of PTPP’s Board of Commissioners and Directors was announced as of the meeting. [The article does not list the specific names in the excerpt provided.]
In terms of performance, PTPP recorded new contract values amounting to Rp 24.95 trillion during the 2025 financial year. By funding source, the new contracts comprised 45% from government projects, 35% from state-owned enterprises (SOEs), and 20% from private-sector projects.
In terms of business segments, the building sector contributed the largest share at 35%, followed by roads and bridges 16%, mining 12%, power plants 11%, ports 10%, irrigation 6%, dams 4%, oil and gas 3%, industry 2%, and airports 1%.
Some of the largest contributing projects to the company’s new contract wins include the Batam PLTGU project, New Priok East Access Phase II, Kataraja Toll Phase 2, the Cikampek-Plumpang Fuel Pipeline, the Gedung DPD IKN, and the Karian-Serpong Water Conveyance System (KSCS) Package 1.
As of April 2026, PTPP also recorded new contracts totaling Rp 6.88 trillion, with government projects dominating 82%. One of the largest contributing projects is the KSPEAN Wanam-Muting Road Segment 1, valued at Rp 1.77 trillion.
PTPP’s Corporate Secretary, Joko Raharjo, said that the company will continue to commit to sustaining operational and financial performance through prudent business strategies, strengthening the company’s fundamentals, and enhancing the implementation of good corporate governance. “PTPP will continue to focus on creating sustainable added value through portfolio optimisation of projects, improving operational excellence, and strengthening the group’s competitiveness amid the dynamics of the national construction industry,” said Joko Raharjo, quoted in an official release.