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Garuda Indonesia`s Shares Soar after New Director Appointment

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13 April 2017 14:00 WIB

Pahala Nugraha Mansury, PResident Director of PT Garuda Indonesia (Persero) Tbk. ANTARA/Fajrin Raharjo

TEMPO.CO, Jakarta - Flag carrier Garuda Indonesia’s shares were opened stronger in today’s trading session, April 13, 2017.

RTI Business observed that Garuda Indonesia’s shares (IDX: GIAA) were opened stronger by 2 points or 0.55 percent to Rp362 per share after closed at Rp360 per share at the Indonesia Stock Exchange (IDX) on Wednesday, April 12.

At 9:42 a.m. Jakarta time, Garuda’s shares were still in the green zone, increased by 12 points or 3.33 percent to Rp372 per share. Throughout the trading session, the stock touched its lowest price of Rp362 and the highest price of Rp380.

As of 9:42 a.m., as many as 12.42 million Garuda shares were traded 644 times with a transaction value amounting to Rp4.62 billion. Garuda’s market capitalization is standing at Rp9.63 trillion.

Garuda’s shares have soared following the resolutions of a General Meeting of Shareholders (GMS) held yesterday, deciding to appoint Pahala Mansury as president director in place of Arif Wibowo, who had held the position since 2014. Moreover, the GMS decided to appoint new directors Puji Nur Handayani and Nina Sulistyowati.

Pahala Mansury started his career as a management consultant with Andersen Consulting in Jakarta until 1997. In 1998, he worked full-time in a securities company based in New York. The following year he joined Booz Allen & Hamilton as a senior consultant for a year. In the same year, he left for The Boston Consulting Group and was promoted to a project leader position particularly for banking sector until 2003.

Pahala joined Bank Mandiri in 2003, serving as the head of Corporation Development, Office Management Change and Economic Research until 2006. He was then named as Senior Vice President Director of Financial Strategy and Coordinator. In May 2010, he was appointed Director of Financial Implementation and Strategy Division, before Garuda Indonesia named him president director.

DESTRIANITA | ABDUL MALIK



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