Karen Agustiawan – Confirmed for Second Term at Pertamina

Karen Agustiawan had her tenure as CEO of PT Pertamina (the Indonesian state owned oil company) extended for a further five years in June this year. In recent years most of her predecessors have not even completed a full term and it has been decades since a CEO at Pertamina has been reappointed. This is a major vote of confidence in Agustiawan’s efforts to turn Pertamina into a truly global player. Having studied engineering physics, Agustiawan kicked off her career with Mobil Oil in Indonesia and the US and only joined Pertamina in 2006 following several years at Halliburton. There is no doubting her technical ability and strategic thinking, but we feel it has been her focus on the human capital at Pertamina that will turn the company into a global player. The mission she has set for Pertamina over the next five years is ambitious saying, ‘Pertamina must be able to contribute at least 50 percent of the country’s total production’. The past five years have given Agustiawan the time to create a team strong enough to make the big decisions needed to achieve this target. With Pertamina extending its reach on a global basis the Company has a leader with experience, courage and the skill to transform.

CFI

Recent Posts

When Trust Erodes: Unpacking the Anatomy of Corporate Scandals

Corporate scandals, from Wells Fargo’s fake accounts to Enron’s fraudulent accounting, shatter public trust and…

2 days ago

The Evolution of Elite: A History of Hedge Funds

From Alfred Winslow Jones’s 1949 experiment to today’s trillion-dollar hedge fund industry, the story of…

4 days ago

The Vanishing Vault: Has Digital Banking Closed More Than Just Branches?

As physical bank branches vanish from high streets across Europe and North America, the shift…

1 week ago

AI Dividends Arrive: Big Tech’s Earnings Surge Shows Power of Scale and Strategy

Meta, Microsoft, Apple, and Amazon deliver robust earnings, reinforcing their central role in markets—and highlighting…

2 weeks ago

Sango Capital: Reframing Africa’s Investment Landscape for a New Global Cycle

As global capital seeks diversified growth and risk-adjusted returns, Sango Capital reaffirms Africa’s position as…

4 weeks ago

The Janus-Faced Banker: Hjalmar Schacht and the Tragedy of German Economics

Hjalmar Schacht, a brilliant economist who rescued Germany from hyperinflation, ultimately became an enabler of…

4 weeks ago