Friday, March 3, 2017

Matahari appoints new CFO and CFIO

JAKARTA (TheInsiderStories) - PT Matahari Putra Prima Tbk (MPPA), a multi-format modern retailer in Indonesia which operates Hypermart, SmartClub, Foodmart, Boston Health & Beauty and FMX, has appointed Surya Tatang as the new Chief Financial Officer (CFO) and Chief Strategic, Business Intelligence and Planning Officer (CFIO).

These appointments are in-line with the company’s strategy to strengthen its management team for continuation of the company’s retail growth and the anticipation of new business opportunities in the future.

Tatang is already well known by the MPPA team. His extensive corporate finance expertise in the financial industry includes the recent position of CFO of PT Link Net Tbk. He is a CFA charterholder.

MPPA also welcomes Patrick J. Hopper to assume the new position of Chief Strategic, Business Intelligence and Planning Officer. Subsequent to this appointment, Mr Hopper played an integral role as MPPA’s CFIO while also developing Company strategy and modernizing existing business processes.

Hopper’s work led MPPA’s commitment to build a sustainable retail management platform and institutionalize business processes to support long term growth. As the Company continues to grow as a multi format retailer, Hopper’s new role will be a key contributor to MPPA’s success in the years ahead.

Noel Trinder, CEO of MPPA, commented, “As MPPA grows its position as a leading FMCG retailer in Indonesia, the Company needs to continue strengthening its organization with the right capabilities at the right time. Both Surya and Patrick represent the best executives to assume their duties and will be important parts of the solid MPPA management team.” (*)