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M Luthfi

Muhammad LutfiPresident Commissioner

A pioneer at heart and great achiever.  As a businessman turned Chairman of Indonesia Investment Coordinating Board (BKPM), then Ambassador to Japan then Minister of Trade, Muhammad Lutfi became the most notable leader in post-reform modern Indonesia for being trusted with so great a responsibility and power at so young age.  Armed with a wealth of organization experience, international network and a big love of the country, Lutfi's carrier tops any record of private and public service there is in terms of age.

At BKPM, Lutfi introduced full transparency and initiated the one stop investment services (PTSP) that currently becomes the core attraction for foreign investors. Since he left BKPM, application of foreign direct investment rose to above USD 50 Billion annually, for six years consecutively.

As Indonesia's Ambassador to Japan, Lutfi manage to increase Japan foreign direct investment (FDI) into Indonesia by almost 700%.  Thus returning Japan's rank from 13th to the larges investor for Indonesia in 2013.  

As Minister of Trade, despite a short 8 months, Lutfi's fight against inflation was considered highly successful. He broke unprecedented record by keeping monthly inflation under 1% during Ramadhan and Idul Fitri in 2014.

The world Economic Forum made him one of "Young Global Leaders" in 2008 together with Larry Page and Sergey Brin, the two founder of Google.  Lutfi was awarded Bintang Mahaputra Adipradana, one of Indonesia highest award for his public service.

He was trained in economics at Purdue University, USA.

Yani P

Yani PanigoroCommissioner

Indonesian citizen. Joined PT Medco Energi Internasional Tbk in 1994. Graduated in Electrical Engineering, Bandung Institute of Technology in 1975 and received Masters Degree in Management from The Bandung Graduate School of Management in 1997. Currently Commissioner and Director at several Medco Group subsidiaries.


Yaser Raimi A. PanigoroCommissioner

Indonesian citizen born in 1978. Joined Medco Group as a Business Development Manager in 2003. Deputy Managing Director of Medco Energi Mining Indonesia in 2007 – 2010. He also currently holds a position as Commissioner of  PT Medco Agro, PT Multi Fabrindo Gemilang, PT Medco Intidinamika, and PT Antareja Resources.

He received his Master of Business Administration from Loyola Marymount University, USA, in 2012 and a Bachelor’s Degree in Information Technology from American University, USA, in 2002.


Marsillam SimanjuntakIndependent Commissioner

Indonesian citizen. Born in Yogyakarta 1943, received a Medical Degree from University of Indonesia in 1971 and Law Degree from the University of Indonesia in 1989. Appointed as Minister of Justice and as Attorney General, Republic of Indonesia in 2001, President Commissioner of PT Garuda Indonesia from 2003 to 2005, Seconded to the Ministry of Finance for Tax Reform Initiative and Customs from 2006 to 2010 and currently self-employed/Legal Counsel.


Bambang SubiantoIndependent Commissioner

Indonesia citizen. Born in 1945. As Partner of Arghajata Consulting since 2005 – present. As Partner of PT Ernst Young Consulting for since year 2000-2004. Minister of Finance, year 1998 – 1999. As Chairman of IBRA (BPPN), January – February 1998. As Director General of Financial Institution of Ministry of Finance, year 1992 – 1998. As Director of Financial of institution and Accounting, Directorate General of Monetary of Ministry of Finance, year 1988 -1992. Acted as Director of Management Consulting, year 1986-1988.

Bachelor of Chemical Engineering (1973), Bandung Institute of Technology (ITB), Master of Business Administration (1981), Catholic University of Leuven, Belgium. Doctor in Applied Economic Sciences (1984), Catholic University of Leuven, Belgium.

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