SOE Ministry appoints Bukalapak cofounder as innovative Telkom director

The State-Owned Enterprises (SOEs) Ministry has appointed e-commerce unicorn Bukalapak cofounder Fajrin Rasyid as a director of state-owned telecommunication firm PT Telekomunikasi Indonesia (Telkom), as the business eyes an electronic business expansion.

Fajrin, who have held the positioning of president found in Bukalapak, possesses replaced Faizal R. Djoemadi mainly because the express enterprise’s digital organization director effective on June 19.

“Fajrin’s appointment is consistent with our plan to develop our digital program and services, so we must have a board of directors member who is competent in that discipline,” Telkom president director Ririek Adriansyah said throughout a virtual press briefing upon June 19.

Telkom announced earlier this season that the company would transform its business strategy to focus more on digital providers, following criticism from State-Owned Enterprises Minister Erick Thohir found in February about the business's overreliance on its cellular operator subsidiary Telkomsel, which contributes 70 percent of its income.

The firm has then been striving to build up various digital services predicated on good platforms, such as cloud, big info and the web of things (IoT).

Fajrin said he hoped he might use his experience found in the start-up organization to donate to the production of Telkom.

“I’m incredibly thankful for the trust given to me. This is the time to make a greater contribution to the progression of Indonesia and concentrate on growing Indonesia’s telco sector with Telkom,” Fajrin stated in a statement.

Following his departure, Fajrin organized to hand over his daily functional tasks and responsibilities seeing that Bukalapak’s president to the company’s panel of directors and administration, the e-commerce firm explained in a statement on its website.

SOEs Minister Erick Thohir said found in a statement that Fajrin was the very best fit to lead Telkom’s digital business expansion because of his background and achievements found in the digital sector especially in the post-COVID-19 economy.

“With bigger challenges in advance, every person in Telkom’s plank of directors has a certain crucial performance index they need to follow and they ought to be prepared to be dismissed if they neglect to fulfil it,” said Erick.

Fajrin founded Bukalapak found in 2011 with his spouse, Achmad Zaky. Before dealing with the role of president, the Bandung Institute of Technology (ITB) alumnus was the chief fiscal officer (CFO) of the e-commerce platform. He also previously worked well in consulting organization Boston Consultant Group (BCG).

Bukalapak currently has 92 million users, around 6 million retailers on its platform, together with 5 million online-to-offline companions known as Mitra Bukalapak after a lot more than 10 years of operation.