PT Lotte Chemical Titan Tbk, also known as Lottechem (FPNI), has announced the resignation of its President Director, Choi Kyoungyoon (24/12). The company confirmed the information through an official disclosure to the Indonesian Stock Exchange.

The company received the resignation letter on December 19, 2025.

“The company has received a letter of resignation from Choi Kyoungyoon as President Director of the company on December 19, 2025,” said Lottechem Corporate Secretary Evan Kusuma Brata in an information disclosure on Wednesday.

The company did not provide an explanation for the reason behind Choi’s resignation.

Appointment and Length of Tenure

Choi Kyoungyoon, a South Korean national, was appointed as President Director of Lottechem in February 2025. His tenure in the position lasted approximately 10 months.

He holds a Bachelor’s degree in Chemical Engineering from Yeung-nam University, Korea, which he completed in 2012.

Career Background Within the Lotte Group

After graduating, Choi joined Lotte Chemical Corp and worked in the polypropylene team. In 2021, he was promoted to General Manager of Technical & PPIC at PT Lotte Chemical Titan Nusantara, a role he held until 2023.

In 2024, he served as Senior General Manager of Manufacturing at PT Lotte Chemical Nusantara. In December 2024, he was appointed President Director of PT Lotte Chemical Nusantara, a position he continues to hold alongside his role at Lottechem.

Extraordinary Shareholders Meeting to Decide Resignation

Evan stated that, in accordance with applicable regulations, the company will hold an Extraordinary General Meeting of Shareholders within a maximum of 90 days from the receipt of the resignation letter.

The meeting will be held to decide on the resignation request submitted by Choi Kyoungyoon.

PHOTO: REUTERS/KIM HONG JI

This article was created with AI assistance.