GoTo‘s Group CEO Patrick Walujo will step down after two and a half years in the role, Indonesia’s largest digital ecosystem company announced on Monday (November 24), marking its most significant leadership change since the post-merger restructuring.
In a report by The Business Times, GoTo said it has nominated Chief Operating Officer (COO) Hans Patuwo to succeed Walujo, with the appointment to be decided at an extraordinary shareholders’ meeting on December 17.
The board said the transition follows a “rigorous succession process” to ensure continuity as the company moves towards sustained profitability.
Walujo, who took over in June 2023, led an aggressive turnaround focused on reducing losses, tightening operations and stabilising the group after a difficult post-IPO period.
Walujo said he was “deeply proud” of the team’s efforts, noting that GoTo is now in “a position of strength”.
He endorsed Patuwo as the right successor, saying:
“His comprehensive understanding of the company’s operations and proven leadership capability make him the right person to lead GoTo into its next phase.”
Patuwo, currently COO and president of On-Demand Services, joined Gojek in 2018 and has held key roles across driver operations, transport and GoTo Financial.
He previously worked at McKinsey and has experience in the US, China and Singapore.
The reshuffle marks the most significant change in senior management since the Gojek-Tokopedia merger in 2021.
It also comes amid speculation that GoTo has finalised a major deal with Singapore’s Grab, with Indonesia’s sovereign wealth fund Danantara reportedly set to join the planned merger after exploring a minority stake earlier this year.
GoTo said it aims to strengthen its core on-demand, e-commerce and financial services businesses while maintaining cost discipline, as it enters a new phase focused on “sustainable growth and profitability” after several quarters of narrowing losses.
Featured image credit: Edited by Fintech News Indonesia, based on image by ttonaorh via Freepik
