Gojek's parent company changes leadership.

GoTo nominated Patrick Walujo, a former Goldman Sachs employee, as CEO. (Photo: Nikkei)

Walujo previously worked at the American investment bank Goldman Sachs. According to an announcement on June 8th, he will replace Soelistyo as CEO of GoTo, a company formed from the merger of ride-hailing app Gojek and e-commerce platform Tokopedia. Walujo currently serves on GoTo's board of directors.

Both of these changes require shareholder approval. GoTo will hold its annual shareholders' meeting on June 30th.

GoTo was listed on the stock exchange in April 2022. Since its establishment in May 2021, the group has struggled to become profitable, although recent business results show some improvement.

In the first quarter of this year, net losses decreased by approximately 40% compared to the same period in 2022, to 3.86 trillion rupiah (US$259 million). However, like many other technology companies, the firm was forced to tighten spending and cut staff amid a challenging global economic environment. In March, the company announced the layoff of an additional 600 employees.

Walujo is a co-founder and managing partner of Northstar Group, one of Gojek's early investors. He began his career at Goldman Sachs. The reasons for the senior management reshuffle at GoTo are unclear. However, it appears that Soelistyo's departure from the CEO position was a personal decision.

According to GoTo, upon becoming a member of the board of directors, Andre will oversee and advise on the strategic direction of the company's journey towards profitability by the end of this year and achieving long-term growth. Walujo stated that, as CEO, he will be more proactive in leading GoTo towards profitability by accelerating the progress of business units, optimizing profit strategies, and strengthening the foundation for long-term growth.

(According to Nikkei)

Source: https://vietnamnet.vn/cong-ty-me-gojek-thay-tuong-2152738.html