PT GoTo Gojek Tokopedia Tbk has announced the appointment of Simon Ho as its new Chief Financial Officer (CFO), effective 30th August.

Following shareholder approval at the upcoming Extraordinary General Meeting of Shareholders (EGMS) on the same date, Ho will also join the company’s Board of Directors.

Ho brings over 25 years of experience in financial management, corporate strategy, capital markets, and investor relations.

His career includes senior roles at international banks such as Citigroup and ABN AMRO, and positions as CFO at FinVolution Group in China and Maya in the Philippines.

Based in Indonesia, Ho will report to GoTo Group CEO Patrick Walujo and oversee all finance and investor-related functions.

This appointment comes as GoTo aims for sustainable growth. In 2023, the company increased revenues and improved cost efficiency, and recently announced a partnership with TikTok.

GoTo plans to reinvest profits to drive further growth while aiming for group adjusted EBITDA breakeven in 2024.

Patrick Walujo, President Director, GoTo Group said,

“Simon’s broad experience and deep knowledge of financial markets will add significant value to our business as we drive GoTo towards sustainable growth. He will become a key member of our leadership team and will help to ensure the company returns long term value to our shareholders.

 

I’d also like to thank our outgoing CFO Jacky for his time at GoTo, during which the company has achieved a greatly enhanced financial profile through significant improvements in profitability and reduced operating expenditure.”

Simon Ho said,

“I have long been an admirer of the GoTo Group and its ability to improve lives for so many people throughout Indonesia and Southeast Asia.

 

I am therefore very excited at the prospect of becoming part of the company’s journey and working with the management team to help make sure the company delivers on its true potential.”

The article first appeared on Fintech News Singapore