Riduan Appointed CEO of Bank Mandiri, Bolstering National Economic Acceleration
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JAKARTA, Investortrust.id — Riduan has been appointed President Director of PT Bank Mandiri Tbk (BMRI), Indonesia’s largest state-owned bank, as part of a leadership reshuffle aimed at sustaining the company’s transformation and accelerating national economic growth.
The decision was made during an extraordinary general shareholders meeting (EGMS) held in Jakarta on Monday. The appointment marks a strategic effort to enhance Bank Mandiri’s governance structure and maintain leadership continuity amid evolving industry dynamics.
Corporate Secretary M. Ashidiq Iswara, known as Ossy, said the leadership change is aligned with the bank’s long-term plan to build a more adaptive organization and boost interdepartmental synergy, while ensuring swift strategic execution.
“This is part of Bank Mandiri’s broader vision to strengthen our organizational structure and support a people-centered economy through faster, more responsive decision-making,” Ossy said in an official statement.
The new lineup of commissioners and directors is expected to support Bank Mandiri’s transformation agenda, reinforcing its role as a key player in Indonesia’s economic development.
New Board Structure Awaiting Regulatory Clearance
The following appointments are effective pending approval from the Financial Services Authority (OJK) following a fit-and-proper test:
Board of Commissioners:
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President Commissioner (Independent): Kuswiyoto
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Deputy President Commissioner (Independent): Zainudin Amali
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Commissioner: Muhammad Yusuf Ateh
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Commissioner: Luky Alfirman*
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Commissioner: Yuliot*
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Independent Commissioner: Mia Amiati*
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Independent Commissioner: Zulkifli Zaini*
Board of Directors:
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President Director: Riduan*
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Deputy President Director: Henry Panjaitan*
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Director of Operations: Timothy Utama
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Director of IT: Sunarto Xie*
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Director of Human Capital & Compliance: Eka Fitria
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Director of Risk Management: Danis Subyantoro
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Director of Commercial Banking: Totok Priyambodo
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Director of Corporate Banking: M. Rizaldi*
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Director of Consumer Banking: Saptari*
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Director of Network & Retail Funding: Jan Winston Tambunan*
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Director of Treasury & International Banking: Ari Rizaldi*
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Director of Finance & Strategy: Novita Widya Anggraini*
(*Pending OJK approval)
“We extend our deepest gratitude to Darmawan Junaidi and Toni E.B. Subari for their invaluable service in positioning Bank Mandiri as a leading financial institution. We are confident that this new leadership will play a crucial role in accelerating national growth,” Ossy added.
Strong Financial Performance Supports Strategic Focus
The leadership transition comes as Bank Mandiri reports solid financial results. The bank posted a consolidated net profit of Rp13.2 trillion ($854 million) in the first quarter of 2025, up 3.9% year-on-year, backed by digital transformation efforts and operational efficiency.
Return on Equity (ROE) stood at 20.8% on a bank-only basis, reflecting strong profitability. Consolidated loans rose 16.5% year-on-year to Rp1,672 trillion ($108 billion) as of March 2025, with robust growth in both wholesale and retail segments. Wholesale lending also fueled downstream ecosystem growth across consumer and SME sectors.
Bank Mandiri continues to channel financing into strategic sectors such as infrastructure, energy, and downstream industrialization, as well as food and beverage. The bank sees this as a critical contribution to job creation and grassroots economic growth.
Importantly, Bank Mandiri has maintained high asset quality. Its bank-only non-performing loan (NPL) ratio improved to 1.01% in March 2025, while cost of credit (CoC) dropped to 0.71% from 0.99% a year earlier.
“With a stronger and more unified leadership team, we are optimistic that Bank Mandiri will continue driving performance and playing a pivotal role in Indonesia’s economic recovery and expansion,” Ossy concluded.
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