In a significant move, the Indonesian Minister of State-Owned Enterprises, Erick Thohir, has reshuffled the leadership of the state-owned defense industry giant, PT Len Industri (Persero), also known as LEN Industri. This overhaul, which took place on February 21, 2025, brings in new faces to steer the company towards strategic growth and innovation.

New Leadership Team

Joga Dharma Setiawan has been appointed as the new President Director, replacing Bobby Rasyidin. Tri Budi Utomo takes over as the President Commissioner, succeeding Muhammad Herindra.

The reshuffle was formalized through the Decree of the Minister of SOEs, as stipulated in the Decree of the Minister of State-Owned Enterprises regarding the dismissal and appointment of members of the Directors of PT Len Industri (Persero) with SK-38/MBU/02/02/2025 and members of the Board of Commissioners of PT Len Industri (Persero) with SK-39/MBU/02/2025.

Strategic Focus and Future Goals

Assistant Deputy of Manufacturing Industry Chairiah emphasized the need for the new leadership to focus on strategic programs that are currently underway. He stated, “Optimizing the absorption of PMN funds, completing the priority program of the defense industry, and improving the recording and strengthening of the company’s financial performance into a PR for the future. We hope that the Board of Commissioners and Board of Directors who can only bring rapid progress for the defense industry, especially PT Len Industri (Persero).”

Challenges and Opportunities

Bobby Rasyidin, the outgoing President Director, reflected on his tenure and offered words of encouragement to the new leadership. He said, “PT Len Industri which was previously difficult to develop, now it is better and has a lot of innovation. This certainly needs to be strengthened again by the new director. I thank the previous period of the board of directors because thanks to our cooperation all can increase the ranking of PT Len Industri In the global arena.”

New Leadership Composition

The new composition of the Directors and Commissioners of LEN Industri, effective February 21, 2025, includes:

• Tri Budi Utomo – as President Commissioner
• Bobby Rasyidin – as Commissioner
• Arkamelvi Karmani – as Independent Commissioner
• Joga Dharma Setiawan – as President Director
• Irwan Ibrahim – As Director of Business and Cooperation
• Yessy Kurnia Dyah W – As Director of Finance, Portfolio Management, and HR
• Iqbal Fikri – as Director of Operations.

Previous Leadership Composition

The previous composition of the Directors and Commissioners included:

• Muhammad Herindra – as President Commissioner
• Dean Arslan – As Independent Commissioner
• Bobby Rasyidin – as President Director
• Wahyu Sofiadi – as Director of Business and Cooperation
• Indarto Pamoengkas – As Director of Finance, Portfolio Management, and HR
• Tazar Marta Kurniawan – as Director of Operations.

Implications for the Defense Industry

This leadership change at LEN Industri comes at a critical time for Indonesia’s defense industry. The new team will be tasked with enhancing the company’s global competitiveness, particularly in the face of growing geopolitical tensions in the region. The appointment of new leadership is seen as a strategic move to drive innovation and efficiency, similar to how the U.S. Department of Defense has undergone leadership changes to adapt to evolving security landscapes.

For instance, the U.S. defense industry has seen significant restructuring under the leadership of figures like Mark Esper, who emphasized the importance of technological advancements and strategic partnerships. The new leadership at LEN Industri will likely focus on similar areas, aiming to position the company as a key player in the global defense market.

Future Prospects

With a renewed focus on strategic programs and financial performance, the future looks promising for LEN Industri. The new leadership is expected to drive rapid progress, leveraging the company’s strengths and addressing its challenges. As the defense industry continues to evolve, LEN Industri’s ability to innovate and adapt will be crucial for its success.