Sri Mulyani, Teddy named commissioners

Sri Mulyani, Teddy named commissioners

JAKARTA (JP): Shareholders of listed PT Unilever Indonesia
approved on Tuesday the appointment of the secretary of the
National Economic Council (DEN) Sri Mulyani Indrawati and chief
executive of automotive concern PT Astra International Theodore
"Teddy" P. Rachmat as new commissioners.

"Sri's position in DEN will certainly help the company, and
Teddy is a professional with a high capability in supervisory
works," said Unilever director Hanafiah Djadjaminarta after the
company's annual and extraordinary shareholders' meetings on
Tuesday.

The appointment of Sri and Teddy will enlarge Unilever's board
of commissioners to five members.

The three members who retain their positions are Andre Rene
van Heemstra as the chief commissioner and Robby Djohan and Sapto
Sutarno as commissioners.

The shareholders' meeting also approved the disbursement of a
dividend of Rp 2,500 per share for the 1999 financial year.

It said the above dividend distribution was a 89 percent
increase on the previous year.

Hanafiah said Unilever also planned to have a 1-for-10 stock
split within this year to improve the liquidity of the company's
share trading.

Such a stock split will lower the par value of the company's
nominal shares to Rp 100 each from Rp 1,000 at present, he said.

"The stock split is subject to approvals from the company
shareholders, the capital market watchdog and other
circumstances, such as progress in the implementation of
scripless trading on the local exchange," Hanafiah said.

Unilever, listed on the Jakarta and Surabaya stock exchanges,
has six factories making a wide range of products including food,
ice cream, tea-based beverages, margarine, cosmetics soaps and
detergents.

Unilever is the company with the most expensive share price on
the Jakarta Stock Exchange (JSX). Its shares closed on Tuesday at
Rp 90,000, up Rp 1,000 from Rp 89,000 the previous day.(udi)