Jakarta, Indonesia, 13 January 2025 – PT. GoTo Gojek Tokopedia Tbk (IDX: GOTO, “GoTo Group”), Indonesia’s largest digital ecosystem, has announced that its CEO, Patrick Sugito Walujo, has committed to remain in his role until 2029.
This announcement follows a year of remarkable progress under Patrick’s leadership. By the third quarter of 2024, the group achieved a 74% year-on-year increase in core Gross Transaction Value (GTV), reaching Rp72.0 trillion, while gross revenue grew by 34% year-on-year to Rp4.7 trillion. These achievements were driven by a 21% year-on-year rise in Monthly Transacting Users (MTUs) across the GoTo ecosystem.
As CEO, Patrick is determined to lead GoTo towards sustainable and profitable growth. To support this mission, the Board of Commissioners has approved a performance-based retention package as part of his ongoing employment arrangement.
Patrick Walujo, GoTo CEO, said, “Leading GoTo over the past 18 months has been an incredible honour, and I am proud to commit my long-term future to the company. My time here has given me great belief in the immense potential of our team, our vision, and our commitment to driving Indonesia’s digital transformation. As a company, we are uniquely positioned to shape the future of technology in Indonesia, empowering businesses, enhancing everyday lives, and contributing meaningfully to the nation’s economy. As we look ahead to the new year and drive towards profitable growth, I am confident that we can cement our position as our country’s leading tech company for many years to come.”
Agus D. W. Martowardojo, President Commissioner of GoTo, added, “Over the course of Patrick’s tenure as CEO, the company’s prospects have been transformed, setting the stage for long-term benefits for shareholders and other stakeholders. GoTo achieved positive adjusted EBITDA in the fourth quarter of 2023 and is on track to achieve this for the full year of 2024. At the same time, growth and profitability have continued to trend upward. I therefore proudly welcome Patrick’s intention to commit his long-term future to the company and look forward to working with him to further stakeholder interests over the coming years.”
