Indonesia Stock Exchange shareholders approve CEO appointment

[JAKARTA] Shareholders of the Indonesia Stock Exchange (IDX) have approved the appointment of Jeffrey Hendrik as chief executive for the 2026-2030 period, the exchange said on Monday (Jun 29).

The shareholders formalised the appointment of Jeffrey and the rest of the IDX board of directors by the Financial Services Authority earlier this month.

Jeffrey has been the interim IDX chief since January, following the resignation of his predecessor in the wake of a stock market rout triggered by concerns about transparency raised by index provider MSCI.

In January, MSCI froze the country’s stocks in its indexes and raised the prospect of a downgrade to frontier status. MSCI last week extended its review to November to assess the reforms rolled out by Jakarta.

Jeffrey told an online press conference on Monday that the IDX continues to implement the capital market reforms Jakarta has proposed and will stay in “intense communication” with index providers like MSCI and FTSE Russell and other global investors to better understand their demands. REUTERS