PLN Shareholders Approve Management Shake-up Amidst Rolling Blackouts

Perusahaan Listrik Negara (PLN), Indonesia's state-owned electricity company, saw significant management changes approved during its annual general meeting of shareholders on June 18, 2026. Seven director positions were altered, and a new role, deputy chief executive officer, was established and filled by Yusuf Didi Setiarto, previously the director of Legal and Human Capital Management. Darmawan Prasodjo will continue as CEO.

PLN's Executive Vice President for Corporate Communications, Gregorius Adi Trianto, stated the management reshuffle aims to bolster corporate governance and advance PLN's ongoing transformation. However, these changes occurred against a backdrop of widespread rolling blackouts that affected multiple regions across Indonesia during the first three weeks of June.

Several days before the shareholder meeting, a list of potential new directors had circulated, which State-Owned Enterprises Regulatory Agency Chief Dony Oskaria initially denied. After the meeting, some names and positions on the leaked list proved accurate, while others differed. The blackouts, which impacted areas in Central Java, East Java, and West Java, lasting for hours or even days in some locations, fueled public speculation and concern about the company's stability and leadership.

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The management reshuffle was part of efforts to strengthen the company's corporate governance. And to support the continuation of PLN's transformation.