PT Sinar Mas Multiartha Tbk (SMMA), a leading financial services company in Indonesia, has announced the resignation of its Director, Lili Wijata. The disclosure was made through the Indonesia Stock Exchange (IDX) on February 19, 2025.

"Effective today, February 19, 2025, Lili Wijata has officially resigned from her position as Director of the Company," said Felix, Director of SMMA, in the official IDX statement on Wednesday.

While the reason for Wijata’s resignation was not disclosed, the company assured investors that this leadership change would not affect SMMA’s operational activities, financial performance, legal standing, or business continuity.

Wijata joined Sinar Mas in 2021 and was appointed as Director of SMMA in June 2022. Before that, she had an extensive career, including roles as Senior Manager at PricewaterhouseCoopers (2003–2013) and Director at PT Novartis (2019–2021).

Her resignation will be formally approved in SMMA’s Annual General Meeting of Shareholders, scheduled for June 19, 2025.

As of 1:58 PM WIB, SMMA’s stock remained unchanged at IDR 15,500. Over the past month, shares of the Sinarmas Group-listed company have risen by 2.82%, with a year-to-date increase of 6.16%.

SOURCE: IDX CHANNEL | PHOTO: FREEPIK

This article was created with AI assistance.