13 Jul 2022

KPIG Held AGMS and EGMS, Changes in Management and Emphasizes Its Strategy

Jakarta, 13 July 2022 – Today, PT MNC Land Tbk (KPIG or the Company) conducted its Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting of Shareholders (EGMS). The AGMS has approved the Annual Report of the Company, ratified KPIG's Consolidated Financial Statements for the 2021 fiscal year, and also received the reports from the Board of Directors, as well as the Board of Commissioners on their supervisory duties for the 2021 fiscal year. 

The AGMS also approved the changes to the composition of the Company's Board of Commissioners and Board of Directors to become:
 
Board of Commissioners
  • President Commissioner : Hary Tanoesoedibjo
  • Commissioner : Liliana Tanaja
  • Independent Commissioner : Susaningtyas Nefo Handayani Kertopati
  • Independent Commissioner : Stien Maria Schouten
Board of Directors
  • President Director : M. Budi Rustanto
  • Vice President Director : Andrian Budi Utama
  • Vice President Director : Edwin Darmasetiawan
  • Director : Michael Stefan Dharmajaya
  • Director : Alex Wardhana
  • Director : Vincent Henry Richard Hilliard
  • Director : Natalia Cecilia Tanudjaja
  • Director : Junita Sari Ujung

"As per the decision announced in the AGMS, I will now be actively supervising the project development in the Company as President Commissioner, and appointing M. Budi Rustanto as President Director and Junita Sari Ujung as Director of the Company. Through these changes in the management’s line up, I believe the management espouses the values of synergy to be incorporated as part of MNC Land's strategy in becoming a leading provider of entertainment hospitality, as well as integrating into MNC Group's ecosystem. In 2021 alone, we have successfully fast-tracked our development of SEZ MNC Lido City, MNC Land's flagship project where entertainment and opportunities collide to create a futuristic city for both tourists and businesses alike. SEZ MNC Lido City is equipped with integrated world-class tourist destinations, complete with luxury residences and accompanying facilities, which will fuel the Company's future growth. To mark another achievement, MNC Land held a grand opening of Park Hyatt Jakarta, which has attended by many public figures, such as government officials, invited to celebrate together." said Hary Tanoesoedibjo, the President Commissioner of MNC Land.
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