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Elia Massa Manik tapped to lead Pertamina

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Elia Massa Manik has been chosen to lead state-owned oil and gas company PT Pertamina by Indonesia’s State-Owned Enterprises Minister Rini Soemarno. The appointment still has to be officially confirmed by Pertamina shareholders.

Manik was previously the president director of PT Perkebunan Nusantara (PTPN) III, the holding company of 14 state-owned agricultural firms, and former head of oil and gas company PT Elnusa, a unit of Pertamina.

Manik also worked at various private and state companies, including consumer goods giant PT Indofood Sukses Makmur, property developer PT Jababeka, and state-owned lender Bank Negara Indonesia (BNI).

“I won’t say that this job will be easy as there will be mounting burden on my shoulders. One of the challenges is the country’s heavy dependence on fossil fuel, while our oil reserves have gradually been decreasing,” Manik said, after Pertamina’s general shareholders meeting at the State-Owned Enterprises Ministry in the capital city of Jakarta earlier this week.

“However, the key to boosting the company’s performance is transparency, which is going to be the foundation for the development of the company’s culture. I want everything to be transparent.”

Pertamina operates Indonesia’s oil refineries, is a leader in retail oil sales and has a virtual monopoly on petroleum imports.

Last month, Pertamina removed CEO Dwi Soetjipto and Deputy CEO Ahmad Bambang, citing leadership problems.

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