JAKARTA, The Ministry of State-Owned Enterprises (SOEs) and Danantara Asset Management, as shareholders of state railway operator Kereta Api Indonesia (Persero) or KAI, have restructured the company’s board of commissioners and directors to strengthen strategy, drive innovation, and improve service quality.
Bobby Rasyidin, previously president director of Len Industri, has been named KAI’s new president director, succeeding Didiek Hartantyo. The appointment follows Indonesia’s new SOE Law No. 1 of 2025, which allows changes in the leadership of SOEs to be made without convening a physical shareholders’ meeting. Instead, appointments and dismissals are formalized through a ministerial decree, which simultaneously serves as a general meeting of shareholders’ resolution. Similar provisions existed under the previous SOE Law No. 19 of 2003 and the Limited Liability Company Law No. 40 of 2007.
