Doha, Qatar - Qatar Telecom announces that Harry Sasongko Tirtotjondro is to be replaced as president director and CEO of Qtel Group's PT Indosat by Alexander Rusli, effective November 1, 2012.
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Mr. Rusli has served as an Independent Commissioner on Indosat’s Board of Commissioners since January 2010 and currently serves as member of the Remuneration Committee and Audit Committee.
Mr. Rusli is also a Commissioner of PT TuguPratama Indonesia. Most recently a Managing Director at Northstar Pacific, a Private Equity fund which focuses on Indonesian opportunities, he was formerly an Independent Commissioner of PT Krakatau Steel (Persero).
Mr. Rusli was also Expert Advisor to the Minister of Communications and Information Technology, where he was involved in the formulation of policy and regulation in the Telecommunications, Media and Postal industries.
His wealth of experience in both the public and private sectors in Indonesia will be invaluable to Indosat as the company enters a new stage of its development.
Mr. Sasongko has served as President Director and CEO of Indosat since August 2009.
As a result of his leadership, the company has effectively improved its financial profile, successfully monetised non-core assets and repositioned the company for sustainable growth.
Mr. Sasongko has previously held the positions of President Director and Chief Executive Officer of GE Consumer Finance from 2005 to 2009, where he was recognized as one of Indonesia’s top 10 best CEOs in 2008 by the SWA Magazine & Synovate awards.
From 1998 to 2005, he was a member of the Lippo Group, where he served as Managing Director of the Matahari Retail & Lippo Bank.
He was formerly the Managing Director of the Consumer Banking of PT Bank Tiara Asia from 1995 to 1998, and was Director of PT Citicorp Finance and Citibank, N.A. in 1998.
Mr. Sasongko earned a Bachelor in Civil Engineering degree from Bandung Institute of Technology Indonesia, a Master of Science degree from the Ohio State University in the United States, and is a Chartered Financial Consultant (ChFC), obtained from the Singapore College of Insurance / American College in the United States. ■