Ooredoo Q.S.C. (“Ooredoo”) - Ticker: ORDS.QA has announced that its subsidiary, PT Indosat Tbk (“Indosat” or “the Company”), has approved a number of changes to its Boards of Commissioners and Independent Directors, following an Extraordinary General Meeting held on 28 January 2015. 

The changes come following the appointment of a number of board members to ministerial and other senior positions in Indonesia, and the appointment of H.E Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani as CEO at the Qatar Investment Authority. 

Speaking about the changes, Dr. Nasser Marafih, Group CEO, Ooredoo, said: “We have been privileged to work with a Board of Directors that has in-depth understanding of Indonesia’s evolving communication sector, and unmatched insight the digital needs of the Indonesian people. Understandably, some of these Board Members have now moved into positions of high responsibility where they will continue to serve their communities – both in Qatar and in Indonesia. We accept their resignations from the Board with deep gratitude, and pay tribute to their service.” 

As part of the changes, H.E Sheikh Abdullah Bin Mohammed Bin Saud Al-Thani has resigned from the role of President Commissioner of Indosat. In addition, Rachmad Gobel has resigned as the Company’s Commissioner, due to his appointment as the Minister of Trade, Republic of Indonesia, and Mr. Rudiantara has resigned as the Company’s Independent Commissioner, following his appointment as Minister of Communication and Information, Republic of Indonesia. The Company also announced the resignation of Rionald Silaban as Commissioner, following his appointment as Executive Director at the World Bank Group.

Moving ahead, the company has announced a new Board of Commissioners who will be in place until the 2016 AGM, in accordance with the Articles of Association of the company. 

Dr. Nasser Marafih will take on the role of President Commissioner, while Ahmed Yousef Al–Derbesti, Khalid Ibrahim Al-Mahmoud, Chris Kanter, Astera Primanto Bhakti, Beny Roelyawan, and Cynthia Gordon all take on the role of Commissioner. Richard Seney, Rinaldi Firmansyah, and Wijayanto Samirin, have been named Independent Commissioners. 

The company has also approved changes in the composition of the Company’s Board of Directors. Moving forward, the Board will be Alexander Rusli, President Director; Curt Stefan Carlsson, Director; Fadzri Sentosa, Director; Joy Wahjudi, Director (and will also assume the role of Independent Director) and John Thompson, Director. 

“We are very confident that our reconstituted Boards will live up to the high standards of their predecessors and continue to lead Indosat as the company strives to enrich the lives of people across Indonesia,” concluded Dr. Nasser Marafih.