Advertisement
Singapore markets open in 6 hours 56 minutes
  • Straits Times Index

    3,272.72
    +47.55 (+1.47%)
     
  • S&P 500

    5,074.79
    +64.19 (+1.28%)
     
  • Dow

    38,526.68
    +286.70 (+0.75%)
     
  • Nasdaq

    15,717.58
    +266.28 (+1.72%)
     
  • Bitcoin USD

    66,772.77
    +222.22 (+0.33%)
     
  • CMC Crypto 200

    1,438.93
    +24.17 (+1.71%)
     
  • FTSE 100

    8,044.81
    +20.94 (+0.26%)
     
  • Gold

    2,339.70
    -6.70 (-0.29%)
     
  • Crude Oil

    83.22
    +1.32 (+1.61%)
     
  • 10-Yr Bond

    4.5900
    -0.0330 (-0.71%)
     
  • Nikkei

    37,552.16
    +113.55 (+0.30%)
     
  • Hang Seng

    16,828.93
    +317.24 (+1.92%)
     
  • FTSE Bursa Malaysia

    1,561.64
    +2.05 (+0.13%)
     
  • Jakarta Composite Index

    7,110.81
    +36.99 (+0.52%)
     
  • PSE Index

    6,506.80
    +62.72 (+0.97%)
     

Indonesia's Gojek reorganises management structure to spur growth

FILE PHOTO: Gojek driver helmets are seen during Go-Food festival in Jakarta

SINGAPORE (Reuters) - Indonesian ride-hailing company Gojek will reorganise its management team into two separate arms, the company said on Friday.

From January 1 Gojek group CEO Andre Soelistyo will take charge of the company's digital payments and financial services arm while co-chief executive Kevin Aluwi will focus on its ride-hailing and delivery side.

"What has become clear is that the two elements of our company ... have become increasingly distinct, with each requiring different expertise and focus," the co-CEOs said in a joint statement.

Under the new structure, the payments group will be further divided into three new units: payments, business solutions and financial services.

ADVERTISEMENT

Aldi Haryopratomo, CEO of Gojek's digital payments arm, GoPay, will step down from his role. Hans Patuwo, a former partner at consultancy firm McKinsey, will head the payments division while Ryu Suliawan, Gojek's Head of Merchants, will head up the business solutions division in addition to his existing role.

The shake-up comes a week after Gojek announced that it had achieved $12 billion in transactions this year.

The company said in June that it would lay off 9% of its employees and close its lifestyle services arm, GoLife, becausee of the impact of the coronavirus pandemic.

(Reporting by Fathin Ungku; Editing by David Goodman)