Waskita Karya Board Changes: New Directors and Commissioners Appointed
- Jakarta - PT Waskita Karya (Persero) Tbk (WSKT) has appointed Sutrisno as President Commissioner and Paulus Budi Kartiko as Director of Operations II, following an Unusual General Meeting...
- Teh EGMS saw significant changes at the top of Waskita Karya.
- Waskita Karya's Corporate Secretary, Ermy Puspa Yunita, emphasized that the management changes are integral to the company's broader strategy.
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Waskita Karya Announces Leadership Changes at EGMS
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Jakarta – PT Waskita Karya (Persero) Tbk (WSKT) has appointed Sutrisno as President Commissioner and Paulus Budi Kartiko as Director of Operations II, following an Unusual General Meeting of Shareholders (EGMS) held on December 23, 2025.
Key Leadership Appointments
Teh EGMS saw significant changes at the top of Waskita Karya. Sutrisno replaces Heru Winarko as President Commissioner, while Paulus Budi Kartiko takes over from Dhatik Ariyanto as director of Operations II. These appointments signal a strategic shift aimed at bolstering the company’s transformation and leadership.
Strategic Rationale for the Changes
Waskita Karya’s Corporate Secretary, Ermy Puspa Yunita, emphasized that the management changes are integral to the company’s broader strategy. The goal is to ensure the organization remains adaptable to evolving industry dynamics and future challenges, aligning with national economic advancement policies. This proactive approach reflects a commitment to long-term sustainability and growth.
“The company believes that the right management composition will provide added value to Waskita’s business strategy,” Yunita stated in a written release. This suggests a focus on leveraging the expertise of the new leadership team to drive innovation and improve operational efficiency.
Amendments to the Articles of Association and RKAP Approval
Beyond the personnel changes,the EGMS also approved revisions to Waskita Karya’s Articles of Association. Crucially,the meeting granted the authority to approve the Company’s Work Plan and Budget (RKAP) for 2026. This delegation of authority streamlines the decision-making process and allows for quicker responses to market opportunities.
The RKAP is a critical document outlining Waskita Karya’s strategic objectives, financial projections, and operational plans for the upcoming year. Its approval signifies shareholder confidence in the company’s direction and its ability to deliver on its commitments.
Waskita Karya’s Recent Performance & Challenges
Waskita Karya, a state-owned construction company, has faced significant financial challenges in recent years, including substantial debt and project delays. As of Q3 2025, the company reported a net loss of IDR 1.4 trillion (approximately $90 million USD), primarily due to rising material costs and project completion issues. The company is currently undergoing a restructuring plan to improve its financial health and operational efficiency.
| Financial Metric | Q3 2025 | Q3 2024 |
|---|---|---|
| Net Loss | IDR 1.4 Trillion | IDR 800 Billion |
| Revenue | IDR 25 Trillion | IDR 28 Trillion |
| Total Debt | IDR 55 Trillion | IDR 50 Trillion |