Telkom to Focus on Growth
PT Telkom’s new president, Rinaldi Firmansyah will focus on expanding the company’s networks to thwart rivals, Bloomberg News reported on Thursday (1/3/07).
"The competition is out there, not within Telkom," Firmansyah said. "We'll accelerate building infrastructure and information technology. We will solidify human resources."
Firmansyah, 46, was promoted from the post of chief financial officer to head the state-controlled company after Arwin Rasyid quit Wednesday (28/2/07).
Firmansyah, who is a chartered financial analyst with a degree in electrical engineering from the Bandung Institute of Technology, has a brief to lift the share price of Telkom, the country's biggest publicly traded company, by half in three years and tackle competition, including new entrants from overseas.
HIs engineering degree will give him a "better feel of how the engineering-dominated ranks at Telkom think," Richard Moe, an analyst with Macquarie Securities, said Thursday in a note to investors. It will be much easier for Firmansyah to manage the systems put in place by Rasyid "because he doesn't carry the baggage of forcing these systems on Telkom staff".
Telkom's chief operating officer, Garuda Sugardo, also resigned Wednesday and the post has so far been left vacant. Sudiro Asno replaces Firmansyah as the finance director.
"The competition is out there, not within Telkom," Firmansyah said. "We'll accelerate building infrastructure and information technology. We will solidify human resources."
Firmansyah, 46, was promoted from the post of chief financial officer to head the state-controlled company after Arwin Rasyid quit Wednesday (28/2/07).
Firmansyah, who is a chartered financial analyst with a degree in electrical engineering from the Bandung Institute of Technology, has a brief to lift the share price of Telkom, the country's biggest publicly traded company, by half in three years and tackle competition, including new entrants from overseas.
HIs engineering degree will give him a "better feel of how the engineering-dominated ranks at Telkom think," Richard Moe, an analyst with Macquarie Securities, said Thursday in a note to investors. It will be much easier for Firmansyah to manage the systems put in place by Rasyid "because he doesn't carry the baggage of forcing these systems on Telkom staff".
Telkom's chief operating officer, Garuda Sugardo, also resigned Wednesday and the post has so far been left vacant. Sudiro Asno replaces Firmansyah as the finance director.