PT GoTo Gojek Tokopedia Tbk has announced the appointment of Simon Ho as its new Chief Financial Officer (CFO), effective August 30.
Ho will also join the company’s board of directors, subject to shareholder approval at the company’s Extraordinary General Meeting of Shareholders (EGMS) to be held on the same day.
Mr. Ho has over 25 years of experience in financial management, corporate strategy, capital markets and investor relations.
His background includes senior roles at international banks such as Citigroup and ABN Amro, as well as roles as CFO at Finvolution Group in China and Maya in the Philippines.
Ho will be based in Indonesia and will report to GoTo Group CEO Patrick Warjo, overseeing all financial and investor relations functions.
The personnel changes come as GoTo aims for sustained growth, as the company seeks to increase revenue and improve cost efficiencies in 2023 and recently announced a partnership with TikTok.
GoTo plans to reinvest profits to drive further growth, while targeting group adjusted EBITDA breakeven in 2024.
GoTo Group President Patrick Warujo said:
“Simon’s extensive experience and deep knowledge of the financial markets will add great value to our business as we lead GoTo on its path to sustainable growth. He will be a key member of our leadership team and will be instrumental in helping us deliver long-term value to our shareholders.”
I would also like to thank our outgoing CFO, Jackie, for the significant improvement she has achieved in our financial position during her tenure at GoTo through significant improvements in profitability and reductions in operating expenses.”
Simon Ho said:
“I have long admired the GoTo Group and its ability to improve the lives of so many people in Indonesia and Southeast Asia.
I am therefore very much looking forward to being part of the company’s journey and contributing, together with the management team, to ensure that the company realises its true potential.”
