Patrick Cao News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Kevin Aluwi and William Tanuwijaya recently made Indonesian history.

The tight-knit neighborhood has had a high turnover of businesses, but also persistent demand from customers.

(Feb 9): GoTo Group shares resumed their decline after the Indonesian ride-hailing and delivery giant sidelined several key executives and switched up its board following a steep market selloff. Undertaking its biggest management reshuffle yet, the country’s biggest tech company announced Wednesday that group president Patrick Cao is relinquishing his post to run a company endowment fund. The head of its Tokopedia unit, William Tanuwijaya, will no longer lead the local e-commerce pioneer he founded in 2009, though he’ll remain a commissioner and co-chairman of GoTo.

Indonesian ride-hailing and delivery giant GoTo Group is sidelining several key executives and switching up its board, undertaking its biggest management reshuffle after a steep market selloff over the past year. The country’s biggest tech company announced Wednesday that group president Patrick Cao is relinquishing his post to run a company endowment fund, while Tokopedia chief William Tanuwijaya will no longer lead the local e-commerce pioneer he founded in 2009. Tanuwijaya will however remain a commissioner and co-chairman of GoTo.

Kevin Aluwi will step down from the Board of Commissioners; Patrick Cao to lead GoTo Future Fund