Gojek CEO ceases to join an Indonesian cabinet, instead of a replacement

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JAKARTA (Reuters) – Chief Executive of Gojek and co-founder Nadiem Makarim said on Monday that he resigned from the Indonesian cabinet, and the traveling company and calling said that two senior officials would be undertaking current operations. the firm's $ 10 billion.

Nadiem Makarim, founder of the online travel and payment gain in Indonesia, goes to journalists arriving at the President's Palace in Jakarta, Indonesia, 21 October, 2019. REUTERS / Willy Kurniawan

President Andre Soelistyo and other co-founder, Kevin Aluwi, were the co-workers, Gojek said. He said in a statement that “he decided this possibility and that his business would not be disrupted.” T

Makarim, 35, said it was a great honor to be able to join the cabinet at the presidential palace in Jakarta. ”He said President Joko Widodo would announce his specific role later this week.

Makarim said that he and Widodo spoke about “directions to develop Indonesia in the future” including “human capital, bureaucratic reform, and investment.” T

The media of Indonesia has linked Makarim, Gojek, to a potential cabinet position in a new digital economy ministry or in education.

The move comes as Gojek develops expanded efforts through the region. Soelistyo, president of Gojek's president, has been in charge since 2016 and was previously head of Singapore Northstar Group's private equity firm, and currently co-founder Aluwi is the company's scientific and analytics team.

After evolving from a travel service established in 2010 to a one-stop app through which users can make online payments and order food and services as massages, Gojek is now focusing on a larger part of the Asian market. South East, where Singapore is based Grab competition is currently in charge of sharing the bicycle.

An Indonesian company, valued at $ 10 billion, raised more than $ 1 billion earlier this year from assistants including Google Alphabet (GOOGL.O) and Tencent tech giants ( t0700.HK) and JD ( tJD.O).

Gojek is one of the one-in-one in Indonesia – companies with a value of $ 1 billion without tapping the stock markets.

The others are Traveloka's travel site, the Bukalapak and Tokopedia market, and OVO's fennel-based technology firm, competing with Gopay, the Gojek payment platform itself, for the first place in the Indonesia dollar online payments market.

However, while the country is one of the fastest growing internet economies in the world, its technology businesses have a skills shortage and Widodo has promised to close it.

Reporting by Fanny Potkin; Edited by Tom Hogue, Raju Gopalakrishnan

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