GoTo Shareholders Approve All Agenda Items at 2024 EGMS
Approvals include Cancellation of Treasury Shares and changes to Board of Directors
Jakarta, Indonesia, 30 Aug 2024 - PT GoTo Gojek Tokopedia Tbk (“GoTo” or “the Company”) successfully concluded its Extraordinary General Meeting of Shareholders (“EGMS”) today. Shareholders approved all agenda items including changes to the Company’s leadership team and a previously-announced cancellation of treasury shares. The shares to be cancelled were acquired in 2021 and 2022 through pre-IPO buybacks, as well as the Company's IPO-related greenshoe program.
Patrick Walujo, GoTo CEO, said “We are grateful for shareholders’ approval of all agenda items tabled at today’s EGMS. As a company, we will continue to focus on providing shareholder value by delighting a broader range of consumers, whether they seek value or convenience. At the same time, we will work hard to balance growth with disciplined cost management, ensuring we remain on track to achieve our goal of full-year Adjusted EBITDA breakeven in 2024.”
Shareholders also approved proposed changes to the composition of the Company’s Board of Directors. These changes consisted of the resignation of Jacky Lo, and the appointment of Simon Ho to the Board of Directors. Simon will also assume the role of GoTo’s Chief Financial Officer.
With the aforementioned changes, the Company’s Board of Commissioners and Board Directors will be as follows, effective from the closing of the EGMS 2024:
Board of Commissioners
|
President Commissioner |
: Agus D. W. Martowardojo |
|
Commissioner |
: Garibaldi Thohir |
|
Commissioner |
: Winato Kartono |
|
Commissioner |
: Wishnutama Kusubandio |
|
Independent Commissioner |
: Dirk Van den Berghe |
|
Independent Commissioner |
: Marjorie Tiu Lao |
|
Independent Commissioner |
: John A. Prasetio |
Board of Directors
|
President Director |
: Sugito Walujo |
|
Vice President Director |
: Thomas Kristian Husted |
|
Director |
: Simon Tak Leung Ho |
|
Director |
: Catherine Hindra Sutjahyo |
|
Director |
: Hans Patuwo |
|
Director |
: Nila Marita |
|
Director |
: Pablo Malay |
Agus D. W. Martowardojo, President Commissioner of GoTo, said: "As of the first half of 2024, GoTo has continued to maintain its growth, driven by strong performance from its On-Demand Services and Fintech businesses. The Group's core GTV in the second quarter increased by 54% year-on-year, reaching its highest level since the Company began pursuing profitability at the beginning of 2023.
“On behalf of the Board of Commissioners, I would like to extend my gratitude to Jacky for his dedication and contribution to GoTo, while also welcoming Simon to the Company. Simon brings a great deal of insight and experience and will add significant strength to our board of directors as the Company focuses on accelerating sustainable growth and profitability."
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About GoTo Group
GoTo is the largest digital ecosystem in Indonesia. GoTo's mission is to ‘empower progress' by offering technology infrastructure and solutions that help everyone to access and thrive in the digital economy. The GoTo ecosystem provides a wide range of services including mobility, food delivery, groceries and logistics, as well as payments, financial services, and technology solutions for merchants. The ecosystem also provides e-commerce services through Tokopedia and banking services through its partnership with Bank Jago.
Contacts:
Media
GoTo Group: corporate.affairs@gotocompany.com
Investors/analysts
GoTo Group: ir@gotocompany.com
