Making sense of GoTo’s exec shuffle

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Hello there,

When I first worked on GoTo’s org chart almost a year ago, many people came to me and asked why the Indonesian tech giant appointed Andre Soelistyo to lead its financial arm GoTo Financial, as he was already the group CEO. My best guess: The company had a different emphasis on its financial services. But I also bet that this change wouldn’t last long.

Months later, the company had a restructuring and Soelistyo took on the role as CEO of Gojek, the super app, while still leading GoTo Financial and the whole group. This development came after Gojek co-founder Kevin Aluwi stepped down.

I felt puzzled by the decision to have Soelistyo juggle several hats, and even questioned whether it was to ensure a smooth transition later on or if it reflected a lack of trust in the existing leadership team.

Thankfully, this has all changed recently because the group finally found three executives to lead Gojek, Tokopedia, and GoTo Financial, respectively. This means that Soelistyo can now focus on executing the group strategy with the help of co-chairman William Tanuwijaya, formerly Tokopedia CEO.

In the latest update of the org chart, you can also see that Aluwi has left his commissioner role (though he retains his voting shares), effectively eliminating all Gojek founders’ supervisory and operational positions in GoTo.

— Budi Sutrisno, journalist at Tech in Asia

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