Govt to shake up railway firm`s management

Antara News, Tuesday, November 23, 2010

Jakarta (ANTARA News) - The government will soon change the boards of directors and commissioners of state-owned railway company PT Kreta Api (PTKA) because some of them have already completed their terms of office, a deputy minister said.

"Replacement will be carried out soon but it will all depend on the final assessment team (TPA). We have prepared a fit-and-proper test the result of which will be left to the TPA," Deputy Minister for State-owned Firms (BUMN) on infrastructure and Logistics Sumaryanto said here on Tuesday.

He said that besides the completion of their terms of office, the other reason for the replacement was to improve the quality of PTKA services and its financial performance.

He said that selections would be made to fill in the posts of finance director and business development director.

But he was reluctant to explain whether or not the present president director, Ignasius Jonan, would also be replaced. "It will depend on the shareholders," he said.