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New GoTo CEO Walujo may not stay in top job long – sources - Vimarsana News

New GoTo CEO Walujo may not stay in top job long – sources

By Fanny Potkin SINGAPORE (Reuters) - Incoming GoTo CEO Patrick Walujo is planning to head the Indonesian technology company only temporarily and resi...

New GoTo CEO Walujo may not stay in top job long - Vimarsana News

New GoTo CEO Walujo may not stay in top job long

Incoming GoTo CEO Patrick Walujo is planning to head the Indonesian technology company only temporarily and resign after improving profitability, as he splits his time between it and a private equity firm he co-founded, according to sources. The prominent Indonesian dealmaker, whose private equity firm Northstar Group was one of the earliest backers of GoTo's ride hailing business Gojek, was named as the CEO of GoTo last week.

Source: yahoo.com
Editor's take: The week that was — June 5-10 - Vimarsana News

Editor's take: The week that was — June 5-10

This week's significant developments included the split of storied VC firm Sequoia Capital and a change of guard at Indonesia's GoTo.

In driver's seat, Walujo expected to steer GoTo towards profitability, US IPO - Vimarsana News

In driver's seat, Walujo expected to steer GoTo towards profitability, US IPO

Walujo's main focus will be on cost-cutting measures, driving synergies and shutting down divisions that are not core to GoTo's future.

New CEO Appointment Boosts Potivive Sentiment toward GOTO - Vimarsana News

New CEO Appointment Boosts Potivive Sentiment toward GOTO

GOTO and ARTO shares saw a rise at the end of the first trading session on the Indonesia Stock Exchange on Friday morning.