PALMOILMAGAZINE, JAKARTA – Palm oil company PT Triputra Agro Persada Tbk. (TAPG), owned by TP Rachmat, has officially announced changes to its board of directors and commissioners following an Extraordinary General Meeting of Shareholders (EGMS) held on Thursday (14/8).
According to EmitenNews quoted by Palmoilmagazine.com on Thursday (21/8/2025), the meeting was attended by shareholders representing 18.63 billion shares, equal to 93.86% of all shares with valid voting rights. With this attendance, TAPG confirmed that the quorum requirement had been met in accordance with its articles of association and prevailing capital market regulations.
TAPG Corporate Secretary, Joni Tjeng, explained that the primary agenda of the meeting was the restructuring of the company’s top management. The EGMS approved the honorable discharge of Tjandra Karya Hermanto from his role as President Director, Budiarto Abadi from his position as Director, and Toddy Mizaabianto Sugoto from his post as Commissioner. All three were granted volledig acquit et de charge, releasing them from any responsibility for their management during their tenure, as reflected in the company’s financial statements.
As part of this leadership refresh, the meeting appointed George Oetomo as the new President Director. Meanwhile, Budiarto Abadi was reappointed, this time as Vice President Director. Toddy Mizaabianto Sugoto was promoted to Vice President Commissioner, while Tjandra Karya Hermanto transitioned to a Commissioner role.
New Structure of TAPG’s Board of Directors and Commissioners
The new appointments are effective from the close of the EGMS until the Annual General Meeting of Shareholders (AGMS) in 2030, unless otherwise decided by shareholders. The updated management structure is as follows:
Board of Directors:
- President Director: George Oetomo
- Vice President Director: Budiarto Abadi
- Director: Erida
Board of Commissioners:
- President Commissioner: Arif Rachmat
- Vice President Commissioner: Toddy Mizaabianto Sugoto
- Commissioner: Arini Saraswaty Subianto
- Commissioner: Danny Rachmat
- Commissioner: Tjandra Karya Hermanto
- Independent Commissioner: Drs. Aridono Sukmanto
The restructuring is expected to strengthen corporate governance and support TAPG’s growth strategy amid the dynamics of both the national and global palm oil industry. (P2)
