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Amman Mineral CEO Exit: Shock Ahead of Shareholder Meeting


Amman Mineral Internasional Tbk Announces Leadership Transition: Alexander Ramlie to Become Commissioner

Jakarta – PT Amman Mineral Internasional Tbk (AMMN) is set to undergo a leadership transition as Alexander ramlie steps down from his role as President Director, effective June 14, 2025.The announcement, made by the company on Sunday, precedes the Annual General Meeting of Shareholders (AGM) where the change will be formally addressed.

Alexander Ramlie’s Move to Commissioner Role

According to Corporate secretary of Amman Mineral, Vemmy Febrianti, Ramlie’s resignation is directly linked to his planned appointment as a Commissioner within the company. This strategic shift aims to leverage Ramlie’s expertise in a different capacity. The formal approval of both his resignation and subsequent appointment will be sought during the AGM scheduled for Monday, June 16, 2025.

Did You know? A Commissioner’s role typically involves overseeing the management and strategic direction of a company,ensuring alignment with shareholder interests and regulatory requirements.

AGM to Formalize leadership Changes

The upcoming AGM will be crucial in solidifying the proposed changes.Amman Mineral will adhere to the regulations outlined in POJK Number 33 of 2014 and Financial Services Authority Regulation Number 15/POJK.04/2020, which govern the planning and execution of General Meetings of Shareholders. These regulations, coupled with the company’s Articles of Association, ensure a transparent and compliant process.

Arief Widyawan Sidarto Nominated as New President Director

During the AGM,shareholders will be asked to approve the appointment of Arief Widyawan Sidarto as the new President Director,succeeding Alexander Ramlie. Vemmy Febrianti has assured stakeholders that this change in the Board of Directors is not anticipated to have any detrimental effects on Amman Mineral’s business operations or financial stability.

Pro Tip: Monitoring key financial indicators and market reactions following leadership transitions can provide valuable insights into a company’s resilience and future performance.

Impact Assessment

The company has explicitly stated that the disclosed information regarding the leadership transition is not expected to negatively impact its business and financial activities. This statement aims to reassure investors and stakeholders of the company’s stability and continued growth prospects. The Indonesian economy,while showing resilience,faces ongoing global economic headwinds that could indirectly affect businesses across sectors [1]. Though, Amman Mineral’s management expresses confidence in navigating these challenges.

Key Figures in Amman Mineral’s Leadership transition
Name Previous Role New Role
Alexander Ramlie President Director Commissioner
arief Widyawan sidarto (Previously unstated) President Director

What are your thoughts on the strategic implications of this leadership transition for Amman Mineral? how might this change influence investor confidence in the company?

Amman Mineral: A Brief Overview

PT Amman Mineral Internasional Tbk (AMMN) is a prominent player in the Indonesian mining sector. The company focuses on copper and gold mining operations. Its activities contribute substantially to Indonesia’s economy, which is the largest in Southeast Asia, with a GDP of over $1.4 trillion in 2023 [2].The mining sector, in particular, plays a crucial role in Indonesia’s export revenues.

FAQ

Why did Alexander Ramlie resign as President Director of Amman Mineral?

Alexander Ramlie resigned to take on the role of Commissioner within the company.

When will the change in leadership at amman Mineral be formalized?

The changes will be presented and voted on at the Annual General Meeting of Shareholders (AGM) scheduled for June 16, 2025.

Who is slated to replace Alexander Ramlie as President Director?

Arief Widyawan Sidarto is the proposed candidate to succeed Alexander Ramlie as president Director.

What assurance has Amman Mineral provided regarding this leadership transition?

Amman Mineral, through Corporate Secretary Vemmy Febrianti, has stated that the changes are not expected to negatively impact the company’s business or financial performance.

What regulations govern the General meeting of Shareholders for Amman Mineral?

The AGM will adhere to POJK Number 33 of 2014 and Financial Services Authority Regulation Number 15/POJK.04/2020, along with the company’s Articles of Association.

Where is Amman Mineral Internasional Tbk based?

Amman Mineral Internasional Tbk is based in Jakarta, Indonesia.

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