PT Vale Appoints New CEO, Signals Accelerated Transformation

Jakarta, Indonesia – PT Vale Indonesia Tbk (IDX: INCO), a leading integrated and sustainable nickel mining company, announced a significant board restructuring on July 28, 2025, officially appointing Bernardus Irmanto as its new President Director and Chief Executive Officer. This pivotal leadership transition, approved during an Extraordinary General Meeting of Shareholders (EGMS) held in Jakarta, aims to accelerate the company’s strategic transformation and fortify its position within the dynamic nickel industry. The move underscores PT Vale’s commitment to driving responsible downstream development and contributing to Indonesia’s sustainable future.

The EGMS, conducted in a hybrid format in compliance with Financial Services Authority (OJK) regulations, saw shareholders approve a series of key appointments. Bernardus Irmanto’s term as President Director and Chief Executive Officer extends until the 2027 Annual General Meeting of Shareholders.

A broader reshuffle across the Board of Commissioners and Board of Directors also took effect. Mr. Fauzambi Syahrul Multhazar was appointed as the new President Commissioner, with Mrs. Katherine Angela Oendoen and Mr. Shiro Imai joining as Commissioners. New directorial appointments include Mr. Heriyanto Agung Putra as Director and Chief Human Capital Officer, and Mr. Budiawansyah as Director and Chief Sustainability and Corporate Affairs Officer. These appointments are effective until the 2028 Annual General Meeting of Shareholders.

The company also announced the honorable discharge of several key executives. Mr. Muhammad Rachmat Kaimuddin concluded his role as President Commissioner, alongside Mr. Edi Permadi as Commissioner and Mr. Adriansyah Chaniago as Director and Chief Human Capital Officer. Additionally, Mr. Yusuke Niwa resigned from his position as Commissioner.

Commenting on his appointment and the company’s direction, Bernardus Irmanto stated: “With the trust vested in me, I am determined to uphold the continuity of best mining practices that have been the cornerstone of PT Vale”. He emphasized the commitment to advancing strategic projects and creating shared value for Indonesia and all stakeholders.

This leadership transition marks a strategic pivot for PT Vale, reinforcing its dedication to building upon the strong foundations laid by its predecessors. The changes are designed to strengthen the company’s leadership framework, enabling it to effectively navigate future challenges in the nickel industry. By accelerating strategic downstream projects, PT Vale aims to enhance its contribution to Indonesia’s energy sovereignty and sustainable development.

PT Vale, an integrated and sustainable nickel mining company, maintains offices across Indonesia, including Jakarta, Makassar, and Sorowako. The restructuring reflects a forward-looking approach to ensure robust corporate governance and transparency. The new board is tasked with steering the company toward responsible, innovative, and inclusive mining practices, ensuring long-term sustainable value creation for the nation. The company reiterates its commitment to adhering to all applicable regulations throughout these changes.