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GoTo CEO Patrick Walujo commits to stay until 2029
GoTo’s CEO Patrick Walujo has confirmed his intention to remain in his position until 2029, according to a statement released Monday.
The company’s board of commissioners approved a performance-based retention package as part of Walujo’s employment agreement, focusing on achieving continued profitable growth in the coming years.
Under Walujo’s leadership, GoTo has seen improvements in financial performance. In the third quarter of 2024, its core gross transaction value rose by 74% year-on-year to 72 trillion rupiah (around US$4.4 billion).
Additionally, gross revenue increased by 34% year-on-year to 4.7 trillion rupiah (around US$290.1 million).
Recent GoTo developments
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11-Nov-2024 ☁️ GoTo, Tencent, Alibaba agree on Indonesia cloud project
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05-Nov-2024 🚚 GoTo alums raise seed round for ‘driver-as-a-service’ firm
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31-Oct-2024 📉 GoTo records net loss of $42m in Q3
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30-Oct-2024 📉 GoTo’s Q3 losses narrow to $109m as user figures rise
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30-Oct-2024 📈 GoTo Group’s financial health in 5 charts
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