PT Pertamina (Persero), Indonesia’s state‑owned oil and gas corporation, announced its annual General Shareholders Meeting (RUPS) approved significant changes in both its Board of Commissioners and Board of Directors on June 12.
The key appointment: Todotua Pasaribu, currently Indonesia’s Deputy Minister of Investment, has been named Deputy President Commissioner.
Fresh governance style aims at better oversight
The nomination of Todotua Pasaribu signals an effort to align Pertamina’s governance with national investment objectives, especially in energy and downstream sectors.
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VP Corporate Communication Fadjar Djoko Santoso confirmed, “In addition to approving performance results, shareholders changed the composition of both boards.”
Pasaribu, appointed Deputy Investment and Downstream Minister on October 21, 2024, brings a hybrid skill set—bureaucratic and business—into the corporation’s upper echelon.
Independent watchdogs strengthened
The RUPS also appointed Nanik S. Deyang, a well‑known journalist and social activist, as an independent commissioner—enhancing corporate accountability.
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The new Board of Commissioners now reads:
President & Independent Commissioner: Mochammad Iriawan
Deputy President Commissioner: Todotua Pasaribu
Independent Commissioners: Condro Kirono, Raden Ajeng Sondaryani, Nanik S. Deyang
Commissioners: Bambang Suswantono, Heru Pambudi
Leadership reboot sparks transformation agenda
The overhaul extended to the Board of Directors, most notably appointing Oki Muraza as Deputy President Director, replacing Wiko Migantoro.
Muraza, formerly Pertamina’s senior vice president of research and technology innovation, holds a PhD from TU Eindhoven and is regarded as a global energy expert.
The revamped Board of Directors now features:
1. President Director: Simon Aloysius Mantiri
2. Deputy President Director: Oki Muraza
3. Director of Risk Management: Ahmad Siddik Badruddin
4. Director of Strategy, Portfolio & Business Development: A. Salyadi Dariah Saputra
5. Director of Logistics & Infrastructure: Jaffee Arizon Suardin
6. Director of Finance: Emma Sri Martini
7. Director of Business Support: M. Erry Sugiharto
8. Director of Transformation & Sustainability: Agung Wicaksono
9. Director of Human Resources: Andy Arvianto
Strategic rationale behind structural shift
The governance and leadership restructuring aligns with broader efforts under Danantara—a newly established state energy holding designed to consolidate national energy assets.
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Analysts highlight this reboot positions Pertamina to better navigate global energy transitions, net‑zero targets, and sustainability imperatives.
Balancing reform with continuity
Despite the shake‑up, continuity remains: Simon Mantiri stays President Director, and Emma Sri Martini retains the finance role, ensuring stable financial oversight.
At the same time, appointing experienced reform‑oriented leaders like Pasaribu and Muraza signals a pivot toward innovation, upstream‑downstream synergy, and sustainable growth.
Watchdogs and stakeholders weigh in
Industry observers welcome the appointments but caution against political overtones.
“The intermingling of government and corporate oversight must still honor professionalism and accountability,” one energy analyst remarked (name withheld).
Deyang’s addition as independent commissioner has been lauded: “Her media background and public‑interest advocacy may bolster Pertamina’s transparency,” said a governance specialist.***
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