Heaptalk, Jakarta — PT GoTo Gojek Tokopedia (GoTo) declared it would amplify its executive leadership by appointing a new Chief Financial Officer (CFO), Simon Ho. He will take up the position on August 30th, 2024, and subsequently join GoTo’s Board of Directors subject to shareholder approval at the next Extraordinary General Meeting of Shareholders (EGMS), which the company plans to conduct in August.
Simon is a seasoned financial executive with over 25 years of experience in financial management, corporate strategy, capital markets, and investor relations. He began his career in management consulting before moving into the financial sector, holding senior roles at several international banks, including Citigroup and ABN AMRO. Previously, Simon served as CFO at NYSE-listed financial technology company FinVolution Group in China and Maya, a leading digital banking company in the Philippines.
“He will become a key member of our leadership team and help 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 improvement in profitability and reduced operating expenditure,” President Director of GoTo Group, Patrick Walujo, said.
Simon’s appointment comes at a pivotal point for the GoTo Group. Through 2023, the ecosystem rapidly accelerated its path to profitability before announcing a groundbreaking partnership with TikTok. Having increased revenues and improved cost efficiency, the Group aims to expedite growth by reinvesting profit upside into the business while remaining committed to achieving Group adjusted EBITDA breakeven for 2024.
“I have long admired the GoTo Group and its ability to improve lives for so many people throughout Indonesia and Southeast Asia. Therefore, I am very excited about becoming part of the company’s journey and working with the management team to help ensure the company delivers on its true potential,” Simon said.
