Dian Siswarini, the President Director and CEO of PT XL Axiata Tbk (EXCL), has announced her resignation effective upon approval at the company’s upcoming General Meeting of Shareholders (GMS). In her statement to the Indonesia Stock Exchange (IDX) on December 3, 2024, Dian cited personal reasons for stepping down from her role, ending a nearly decade-long tenure as the company's leader.

Having joined XL Axiata in 1996, Dian has built a remarkable career in telecommunications. Her journey began in the technical domain and progressed to key leadership roles. In 2015, she became the first female CEO of XL Axiata, overseeing transformative initiatives in digital services and network infrastructure. Her contributions have earned her recognition as one of the most influential leaders in Indonesia’s telecom industry.

Dian’s resignation comes at a critical juncture for XL Axiata, as the company is involved in advanced merger talks with Smartfren Telecom (FREN), a subsidiary of Sinar Mas Group. This merger, initiated by Axiata Group Berhad, XL Axiata’s parent company, aims to create a stronger, more competitive telecom entity in Indonesia. The proposed consolidation is expected to enhance operational efficiency and expand market presence, particularly in the rapidly evolving digital economy.

Industry analysts suggest that this leadership change could bring a fresh perspective to XL Axiata during the merger process. However, it also raises questions about the company’s strategic direction. Stakeholders are optimistic that the merger will not only drive growth for both companies but also contribute to healthier competition in the Indonesian telecom sector.

Dian Siswarini’s departure signifies the end of a significant chapter for XL Axiata. As the telecom giant navigates through these transitions, the company’s leadership team faces the challenge of maintaining stability while leveraging the merger’s potential. The upcoming GMS will provide clarity on the leadership transition and the company's roadmap.

This development highlights the importance of strong leadership in steering large organizations through complex industry changes. While Dian’s resignation is a loss for XL Axiata, it opens the door for new leadership to build upon her legacy and drive the company toward greater success.