Telkom Indonesia Announces Management Restructuring for Strategic Growth

PT Telkom Indonesia has announced a management restructuring, confirming a new composition of its Board of Directors and Board of Commissioners. Key positions remain unchanged, with the change effective from May 27, 2025. The company's management team is being strengthened to support its strategic direction. The update is part of the Telkom AGMS Financial Year 2024 resolutions.

PT Telekomunikasi Indonesia Tbk (TLK) has announced significant changes to its management structure, effective from May 27, 2025. The company's Annual General Meeting of Shareholders (AGMS) for the 2024 financial year approved resolutions that include a new composition of the Board of Directors and Board of Commissioners. Key positions such as President Director and Vice President Director remain unchanged, but several members of the board were dismissed and new appointments were made [2].

The restructuring is part of the strategic direction outlined in the Telkom AGMS Financial Year 2024 resolutions. The company aims to strengthen its management team to support its future growth and operational continuity. The new board composition reflects a commitment to enhancing efficiency and effectiveness in decision-making processes [3].

In addition to the management changes, the AGMS approved a substantial cash dividend payout, representing 89% of the company's net profit for 2024. The dividend amounts to IDR 21.05 trillion (approximately $1.3 billion) and will be paid by July 2, 2025. The remaining 11% of the net profit will be retained for business development purposes [2].

The meeting also approved a share buyback plan, allowing the company to repurchase shares worth up to IDR 3 trillion (approximately $188 million), subject to regulatory requirements. This initiative is supported by the company's strong financial position, with a moderate debt-to-equity ratio of 0.45 and an attractive free cash flow yield of 8% [2].

The changes in management and the approval of the dividend and share buyback plan underscore Telkom Indonesia's commitment to returning capital while strategically reinvesting for future growth. The company's 2024 consolidated financial statements received an unqualified opinion from the external auditor, Public Accounting Firm Purwantono, Sungkoro & Surja, further bolstering investor confidence [3].

References:
[1] https://www.tipranks.com/news/company-announcements/pt-telkom-indonesia-announces-management-restructuring
[2] https://za.investing.com/news/sec-filings/telkom-indonesia-announces-shareholder-meeting-resolutions-93CH-3739191
[3] https://www.panabee.com/news/telkom-indonesia-reshuffles-leadership-approves-1-3-billion-dividend-and-188-million-buy