Strategy to Accelerate SOE Indonesia Restructuring
Second, the transformation process into a strong holding can be carried out if the post-merger integration (PMI) handling is carried out properly. Surveys show that many M&A failures around the world are due to poor handling of PMIs.
In this context, a strong leader is needed who can bring the transformation of BUMN into reality. We’ve had success with figures like Robby Djohan and Ignasius Jonan who were able to break culture and lead rapid transformation. The talent pool system program developed by the Ministry of SOEs is expected to be able to grow new seeds of strong executives.
Third, the fact that there is a pareto condition of BUMN and efforts to reduce the span of control of KBUMN, the option of reducing the number of BUMN through liquidation, mergers, or the formation of holding companies needs to be realized more quickly. The approval of the DPR has been obtained, it remains only to be executed by the executive.
Hopefully, the public’s expectations for the creation of a more competitive and healthy BUMN can be realized soon. []
Toto Pranoto -BUMNINC Expert Council
