New President Director of PT Tiga Pilar Sejahtera Food Tbk Hengky Koestanto - Photo TPS Food

JAKARTA (TheInsiderStories) – Hengky Koestanto, former of PT Tiga Pilar Sejahtera Food Tbk (IDX: AISA) commissioner, assigned as a new President Director. The company claimed that the decision met with no protest from the shareholders at the extraordinary meeting on Monday (22/10).

The new-elect president director is considered having the needed experience in leading and even owning a company.

“Historically, capability, and integrity, I think those three are fulfilled,” said TPS Food Coorporate Secretary Michael Hadylaya after the shareholders meeting.

Koestanto, 41 years old, was Commissioner of TPS Food since 2011. The University of  Minnesota Twin Cities in Bio-system Science and Agricultural Engineering graduate, started his career in Tiga Pilar Sejahtera as Business Development Manager in 1999.

Then Koestanto held some important positions such as Director of PT Poly Meditra Indonesia for six years until 2012 and Director of PT Tiga Pilar Sejahtera, during 2000-2013.

Here’s the list of TPS Food Board of Directors and Board of Commissioners, decided in extraordinary shareholders meeting:

President Director: Hengky Koestanto
Director and Independent Director: Charlie Dungga
President Commissioner and Independent Commissioner: Yulie Sudargo
Commissioner: Jaka Prasetya

Earlier, the ex-Directors threatened to report to Financial Service Agency (FSA) and Human Rights and Legal Ministry, if the extraordinary shareholders meeting still held. According to them, the meeting is rated with legal disability because based on law, only directors that have rights to represent company inside and outside court. They claimed to still have responsibility in managing the company.

On the other hand, TPS Food Board of Commissioners chose to not acknowledge. They considered Directors’ seats are empty since July 27th and has been taken over.

Commissioners also see the extraordinary shareholders meeting was not prohibited by FSA, Indonesia Stocks Exchange, and Central Securities Depository.

Spat between TPS Food Board of Commissioners and former Board of Directors has been going on for more than four months.

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