Thomas Kristian Husted, who is stepping down as Vice President Director, will still focus on helping GoTo Financial move forward.
GoTo Group, Indonesia’s biggest digital ecosystem, has announced significant changes to its Board of Directors and Board of Commissioners.
The company received resignations from four members across both boards, including two from the Board of Directors. One of them is Thomas Kristian Husted, who is stepping down as Vice President Director. He will still focus on supporting GoTo Financial.
At the same time, Nila Marita Indreswari has stepped down as Director to focus on personal interests outside the company.
Additionally, Garibaldi Thohir has resigned as Commissioner to focus on his family business, and Pablo Malay has stepped down as Director. However, if approved by shareholders at the upcoming Annual General Meeting (AGMS), he will be nominated to become a Commissioner of the company.
GoTo Group said that everyone who has resigned will stay in their current roles until their resignations are officially approved by shareholders at the upcoming AGMS.
The company also mentioned that, after the necessary nomination process, it plans to propose new members for both the Board of Commissioners and the Board of Directors at the upcoming AGMS. This will include nominating an additional Independent Commissioner.
GoTo is one of the most significant digital ecosystems in Indonesia, offering technology tools and solutions to help people access and grow in the digital economy. Its services cover areas like transportation, delivery, payments, financial services, and technology for businesses.
GoTo also runs e-commerce services through Tokopedia and works with Bank Jago to offer banking services.
GoTo recently announced a “record-breaking and profitable quarter” for the first quarter of 2025, showing strong growth in key areas. The company reported a 54% year-on-year (y-o-y) increase in core GTV (gross transaction value), reaching Rp83.2 trillion (around US$5.15 billion). Net revenue also grew by 37% y-o-y to Rp4.2 trillion (around US$260 million).
GoTo also reported a group-adjusted EBITDA of Rp393 billion (around US$24.3 million) for Q1 2025, a significant improvement compared to a loss during the same period last year.
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