September 13, 2018

Mansury replaced as Garuda CEO

Flag carrier Garuda Indonesia sacked its chief executive officer (CEO) whose cost-cutting measures drew strong resistance from organised labour, replacing him with an executive from another state-owned company.

Garuda, which is controlled by Indonesia’s Ministry of State-Owned Enterprises, replaced Pahala Mansury with Askara Danadiputra, president of port operator Pelindo III.

Danadiputra previously served as Garuda’s director of finance and risk management.

Mansury, a former director at state-owned lender Bank Mandiri, spent less than 18 months at the helm.

He embarked on a cost-cutting drive to turn around Garuda, which had seen its aggressive expansion programme take a toll on finances.