PT GoTo Gojek Tokopedia Tbk (GOTO), Indonesia’s largest digital ecosystem, announced that its CEO, Patrick Sugito Walujo, has committed to continue leading the company until 2029. This long-term commitment highlights Patrick’s dedication to driving GoTo’s strategic growth and strengthening its position in Indonesia’s tech landscape.

Since stepping into the role, Patrick has played a key part in boosting GoTo’s performance. In Q3 2024, the company reported a 74% year-on-year (YoY) growth in Gross Transaction Value (GTV), reaching Rp72.0 trillion. Gross revenue also climbed 34% YoY to Rp4.7 trillion, supported by a 21% YoY increase in Monthly Transacting Users (MTU) across the GoTo ecosystem.

Patrick’s leadership has focused on sustainable growth, profitability, and digital transformation. His future plans for GoTo include enhancing its core business operations, driving innovation, and strengthening the company’s position as Indonesia’s leading technology platform.

Expressing his long-term vision, Patrick stated, “Leading GoTo for the past 18 months has been an incredible honor, and I am proud to commit to the company’s long-term future. During my time here, I’ve grown even more confident in the extraordinary potential of our team, our vision, and our dedication to advancing digital transformation in Indonesia.”

Patrick emphasized GoTo’s strategic advantage in shaping Indonesia’s tech ecosystem, empowering businesses, improving daily life, and contributing to the national economy. “As we step into the new year and focus on profitable growth, I am certain we can solidify our position as Indonesia’s leading technology company in the years to come,” he added.

The GoTo Board of Commissioners has expressed full support for Patrick’s leadership by approving a performance-based retention package as part of his extended tenure. This reflects the board’s confidence in his ability to guide GoTo through its next phase of growth.

Agus D. W. Martowardojo, President Commissioner of GoTo, praised Patrick’s impact. “Under Patrick’s leadership, GoTo’s outlook has transformed, paving the way for long-term benefits for shareholders and other stakeholders. The company achieved positive adjusted EBITDA in Q4 2023 and is on track to sustain positive performance throughout 2024. Growth and profitability continue to show an upward trend,” Agus said.

Patrick’s leadership has already brought tangible results, with GoTo achieving positive adjusted EBITDA for the first time in Q4 2023. Looking ahead, his strategic focus remains on driving profitable growth and expanding GoTo’s services, ensuring the company remains competitive in Indonesia’s fast-evolving tech sector.

GoTo, formed through the 2021 merger of Gojek and Tokopedia, continues to be a critical player in Indonesia’s digital economy. Covering e-commerce, ride-hailing, and financial services, the company’s strength lies in its integrated ecosystem, a key part of Patrick’s strategy to drive innovation and sustainable growth.

Patrick Walujo’s commitment until 2029 signals stability for GoTo, reinforcing investor confidence and positioning the company for long-term success. His leadership is set to shape the company’s future, keeping GoTo at the forefront of Indonesia’s technology landscape.

PHOTO: BLOOMBERGTECHNOZ/INDRA LEONARDI

This article was created with AI assistance.