OJK Appoints New IDX Leadership for 2026-2030 Term

Indonesia's Financial Services Authority (OJK) has put forward its chosen candidates for the Indonesia Stock Exchange (IDX) Board of Directors, setting the stage for leadership changes for the 2026-2030 term. The appointments signal a significant transition for the nation's primary stock exchange, pending final shareholder approval.

Jeffrey Hendrik has been designated as the prospective President Director of the IDX. Hendrik currently holds the position of acting President Director, indicating a continuation of leadership within the local bourse. The OJK's selection also includes Saidu Solihin as the Director of Company Assessment, Irvan Susandy as the Director of Trading and Member Regulation, and Yulianto Aji Sadono as the Director of Transaction Supervision and Compliance.

Further bolstering the board, Abdul Munim has been named Director of Information Technology and Risk Management, while Iding Pardi, currently President Director of the Indonesian Clearing and Guarantee Corporation (KPEI), is set to become the Development Director. Umi Kulsum rounds out the nominated team as the Director of Finance, Human Resources, and General Affairs. These appointments are in line with OJK regulations and follow a thorough fit-and-proper assessment process.

The full slate of seven nominees is scheduled for formal proposal and shareholder ratification at the IDX Annual General Meeting of Shareholders (AGMS) on Monday, June 29, 2026. This meeting will officially confirm the individuals who will steer the IDX through the next four-year term, overseeing its operations and strategic direction.

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Yes, that is correct, in line with the letter submitted by OJK to the IDX directors.