The Indonesia Stock Exchange (IDX) said on Thursday (June 18) that the Financial Services Authority (OJK) has approved its proposed board of directors for the 2026–2030 term.
The regulator has named Jeffrey Hendrik as its president director. Hendrik has been serving as interim president director since February after Iman Rachman stepped down from the position at the end of January. Hendrik joined IDX’s board in 2020 as director of business development after spending more than two decades at brokerage firm Phintraco Sekuritas, where he last served as president director.
Other names, Saidu Solihin as director of company valuation, Irvan Susandy as director of trading and exchange member regulation, and Yulianto Aji Sadono as director of transaction supervision and compliance.
The proposed board also includes Abdul Munim as director of information technology and risk management, Iding Pardi as director of development, and Umi Kulsum as director of finance, human resources and general affairs.
The appointments were approved by OJK through a letter dated June 17, 2026.
At a briefing with media, Hendrik said the incoming board would continue reforms introduced in the capital market over the past few months and focus on improving transparency, governance and market depth.
“We will continue the capital market reforms that have been carried out over the last four months. Our commitment is to keep improving transparency, integrity and governance at the Indonesia Stock Exchange, while deepening the market from both the demand and supply sides,” he said.
Friderica Widyasari Dewi, OJK’s chief, said the regulator expects the new management team to continue governance reforms and maintain the momentum of efforts to improve market integrity.
“We have asked them to commit to giving their best for the development of the stock exchange, prioritising governance and continuing integrity reforms in the capital market,” she said.
Dewi said OJK selected the seven directors after conducting fit-and-proper tests on 28 candidates submitted through four nomination packages.
The new board will take office following approval from shareholders at IDX’s annual general meeting scheduled for June 29.
