Indonesia gets new investment head

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Karen Agustiawan

The CEO of Indonesia’s state-owned oil giant Pertamina, Karen Agustiawan, is the top candidate to become the head of the country’s Coordinating Board for Investment after its current chief, Chatib Basri, has been made the country’s new finance minister, Dow Jones Newswires reported.

President Susilo Bambang Yudhoyono on May 20 named Chatib Basri as finance minister, replacing Agus Martowardojo who later this week will be installed as the new central bank governor.

Agustiawan has been credited for leading Pertamina’s foray into alternative energy such as the geothermal sector and coal-bed methane and the company’s pursuit of assets outside Indonesia. In a vote of confidence for Pertamina’s development under Agustiawan, investors flocked to US dollar bond sales the company conducted between 2011 and 2013, from which it raised a total $7.15 billion.

Karen Agustiawan, 54, was the first woman to lead state-owned Pertamina and has been named one of the most powerful women in business globally by CNN.

She began her career in the oil and gas industry by joining Mobil Oil (now ExxonMobil) shortly after graduating from the Bandung Institute of Technology, the oldest technology-oriented university in Indonesia, in 1984.

 

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Reading Time: 1 minute

Karen Agustiawan

The CEO of Indonesia’s state-owned oil giant Pertamina, Karen Agustiawan, is the top candidate to become the head of the country’s Coordinating Board for Investment after its current chief, Chatib Basri, has been made the country’s new finance minister, Dow Jones Newswires reported.

Reading Time: 1 minute

Karen1
Karen Agustiawan

The CEO of Indonesia’s state-owned oil giant Pertamina, Karen Agustiawan, is the top candidate to become the head of the country’s Coordinating Board for Investment after its current chief, Chatib Basri, has been made the country’s new finance minister, Dow Jones Newswires reported.

President Susilo Bambang Yudhoyono on May 20 named Chatib Basri as finance minister, replacing Agus Martowardojo who later this week will be installed as the new central bank governor.

Agustiawan has been credited for leading Pertamina’s foray into alternative energy such as the geothermal sector and coal-bed methane and the company’s pursuit of assets outside Indonesia. In a vote of confidence for Pertamina’s development under Agustiawan, investors flocked to US dollar bond sales the company conducted between 2011 and 2013, from which it raised a total $7.15 billion.

Karen Agustiawan, 54, was the first woman to lead state-owned Pertamina and has been named one of the most powerful women in business globally by CNN.

She began her career in the oil and gas industry by joining Mobil Oil (now ExxonMobil) shortly after graduating from the Bandung Institute of Technology, the oldest technology-oriented university in Indonesia, in 1984.

 

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