Three senior leaders at PT GoTo Gojek Tokopedia (GOTO) have submitted their resignations following the departure of Patrick Walujo from his position as Chief Executive Officer.
The company has scheduled an Extraordinary General Meeting of Shareholders (EGMS) for 17 December 2025, during which Hans Patuwo will be nominated to replace Patrick as CEO.
Beyond the CEO transition, GoTo also announced broader changes to its management and board composition. At the executive level, Ade Mulyana, previously the Director of Public Affairs and Communications, tendered his resignation to focus on family commitments and professional activities outside the company.
Within the Board of Commissioners, Pablo Malay and Winato Kartono also submitted their resignations. GoTo has proposed Andre Soelistyo and Santoso Kartono as their replacements, pending shareholder approval at the upcoming EGMS.
“Both individuals bring strategic experience and deep understanding of technology and investment, which will strengthen the company’s oversight and governance functions,” GoTo said in a statement on Monday, November 24, 2025.
Patrick’s resignation comes amid ongoing discussions around a potential merger between GoTo and Grab. He expressed gratitude to the entire organization for their support throughout his two-and-a-half-year tenure.
He highlighted the team’s hard work in placing GoTo in a stronger and more stable position. Patrick noted that Hans has played a pivotal role in the company’s development over nearly a decade, with a comprehensive understanding of GoTo’s operations − from on-the-ground experience to strategic decision-making.
“His proven leadership capability and integrity make Hans the right person to lead GoTo into its next chapter,” Patrick said.
GoTo President Commissioner Agus Martowardojo also commended Patrick for steering the company through a major transformation and strengthening its financial fundamentals. He congratulated Hans on his nomination as GoTo’s next CEO.
Rumors of a leadership shake-up at GoTo have circulated since mid-November. Bloomberg reported that several major investors − including SoftBank, Provident, and Peak XV − sought to remove Patrick Walujo to accelerate the possibility of a GoTo acquisition by Grab. These shareholders, including some GoTo founders, reportedly pushed for a vote at the upcoming EGMS, partly focusing on Patrick’s replacement.
They argue that GoTo’s share price has fallen by more than 40 percent under Patrick’s leadership and believe he has resisted Grab’s acquisition proposal. The decision to replace him, despite having been appointed only in 2023, comes amid growing speculation that GoTo and Grab may resume acquisition talks.
Speculation intensified after the government confirmed it was facilitating discussions between the two companies regarding a potential merger. However, GoTo’s management denied that the planned EGMS is tied to any corporate action.
“The upcoming Extraordinary General Meeting of Shareholders is not related to any planned corporate action,” GoTo Director R. A. Koesoemohadiani said in a disclosure to the Indonesia Stock Exchange on Wednesday, November 12, 2025.
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