Indonesia appoints new CEO for PLN

Sofyan Basir, president director of state-owned Bank Rakyat Indonesia has been appointed by the government of Indonesia as the new president of state-owned utility company Perusahaan Listrik Negara, or PLN.

The former president director at state lender Bank Rakyat Indonesia, Sofyan Basir, replaces Nur Pamudji at the electricity company.

Mr. Sofyan Basir has been the President Director and Director of PT Bank Rakyat Indonesia since May 18, 2005. Mr. Basir is also the President Director of Bank Bukopin, a publicly listed private bank owned mostly by a consortium of military-related cooperatives.

PLN is an Indonesian government-owned corporation which has a monopoly on electricity distribution in Indonesia.

The government has also appointed Ririek Adriansyah president director of Telkomsel, which is controlled by Telekomunikasi Indonesia, a state telecommunications company. Ririek will replace Telkomsel’s Alex J. Sinaga, who has been promoted to head up parent company Telkom.