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Garuda CEO replaced before his contract ends
Mimi Hudoyo, Jakarta, April 17, 2017
 

Bank Mandiri director Pahala Nugraha Mansury has replaced Arif Wibowo as president and CEO of Garuda Indonesia.

 

Arif was appointed to the role in 2014. No reasons were given why he was replaced before the end of his five-year contract.

 

Arif Wibowo photographed at a meeting last year; photo credit: Garuda Indonesia

 

At a press conference held in March, Arif announced the airline’s 2016 net profit dropped 89 per cent, from US$76.5 million in 2015 to US$8.1 million last year.

 

Garuda's board of management now includes new faces, including Helmi Imam Satriyono as executive vice president of finance and risk management, Nicodemus Lampe executive vice president of services and Nina Sulistyowati executive vice president of marketing and IT.

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