PT Bank Central Asia (BCA) has formally appointed outgoing President Director Jahja Setiaatmadja as the company’s President Commissioner, replacing Djohan Emir Setijoso, while naming Gregory Hendra Lembong to fill in the post left by Jahja. 

The strategic decision was made at the General Meeting of Shareholders (GMS) held at Menara BCA in Jakarta on Wednesday, March 12, 2025.

"The company has secured approval from the Financial Services Authority (OJK) on the appointment of Jahja Setiaatmadja as President Commissioner of BCA, and his replacement as President Director of BCA," an official statement by BCA management said.

Jahja Setiaatmadja said that this decision reflects BCA's commitment to continue to provide added value to shareholders and maintain the continuity of the company's growth. 

"We will continue to move prudently throughout 2025, while consistently supporting economic growth in various sectors," he said.

In addition to appointing Jahja and Hendra, the shareholders’ meeting also appointed John Kosasih as Deputy President Director and Hendra Tanumihardja as Director of BCA.

Agendas in GMS

In reference to the disclosure of information on the Indonesia Stock Exchange (IDX), the GMS agenda includes approval of financial reports to changes in the composition of the board of directors and commissioners.

The first agenda is approval of the 2024 annual financial report, which also provides release and discharge of responsibility or acquit et decharge to the board of directors and board of commissioners for management and supervisory actions during the financial year ending December 31, 2024.

Second, the GMS determines the use of BCA's net profit for the 2024 financial year, which will be set aside as a reserve fund, distribution of cash dividends, and retained earnings.

Third, changes to the composition of the board of commissioners and directors of BCA. Here, the GMS accepted the resignation of Djohan Emir Setijoso as President Commissioner and appointed Jahja Setiaatmadja as his replacement. In addition, Gregory Hendra Lembong was appointed as President Director, John Kosasih as Vice President Director, and Hendra Tanumihardja as Director of BCA.

Fourth, the determination of salaries, honorariums, allowances for the 2025 financial year, and bonuses for directors and commissioners based on the performance of the 2024 financial year.

Fifth, the GMS also determined the appointment of a public accounting firm to audit the 2025 financial statements.

Sixth, granting authority to the board of directors to pay interim or temporary dividends in the 2025 financial year.

Finally, approval of changes to BCA's recovery action plan as part of its sustainability and risk mitigation strategy.

Along with the implementation of the GMS, BCA shares opened up 1.12 percent to Rp9,025 per share. This increase reflects investor confidence in the performance and strategic policies set by the company.

 Profile

The new President Director, Gregory Hendra Lembong, has more than 25 years of experience in the banking industry, both domestically and abroad. Previously, he served as Deputy President Director of BCA for three years since his appointment at the 2022 Annual General Meeting of Shareholders.

Quoting official information from BCA, the 53-year-old man is responsible for various strategic areas at the bank, including general supervision of the Director of Finance & Corporate Planning and the Director of Banking Transactions. He also monitors the development of BCA subsidiaries such as PT Central Capital Ventura and PT Bank Digital BCA.

Before joining BCA, Hendra Lembong had a long track record at CIMB Group Malaysia, including as Chief Transformation Officer of CIMB Niaga and Chief Fintech Officer of CIMB Group Malaysia.