Jakarta, Maret 8th 2023. PT XL Axiata Tbk (XL Axiata) announces that Budi Pramantika has tendered his resignation from the Board of Directors as a Director & Chief Finance Officer (CFO) XL Axiata on 6th March 2023. Budi Pramantika resigned from his position as director due to personal reasons, after serving as Finance Director since October 2020.
President Director of XL Axiata, Dian Siswarini said, "As Finance Director, Mr Budi has contributed greatly to XL Axiata's ability to maintain financial performance, including during the difficult Covid-19 pandemic, as well as in the face of intense telecommunications industry competition, through the implementation of a number of financial management policies. Now, with solid financial fundamentals, XL Axiata is ready to face industry challenges in 2023. For this reason, the management of XL Axiata would like to thank him for his hard work and dedication to the company. We pray for his success."
The following are some of Budi Pramantika's major contributions during his tenure as Finance Director of XL Axiata:
The funds raised have strengthened the balance sheet and enabled XL Axiata to maintain its current AAA investment grade rating. In addition, this success has also balanced the company's debt profile so that it is better prepared for potential interest rate hikes in the future.
Furthermore, the company will seek for approval of the resignation at the nearest General Meeting of Shareholders.