Jakarta. Former Indonesian Air Force marshal Chappy Hakim was appointed as president director of Freeport Indonesia, the local unit of United States-based mining giant Freeport McMoran, the company announced on Sunday (20/11).
Freeport Indonesia spokesman Riza Pratama said shareholders at the Arizona-based parent company have approved Chappy’s appointment and the Indonesian government, which controls a 9.36 percent stake in Freeport Indonesia, has also given it the green light.
Riza was unable to confirm when the company plans to hold an extraordinary general meeting of shareholders to discuss the matter.
Chappy, who was Indonesia’s air chief marshal from 2002 to 2005, is not a new face at Freeport Indonesia. He has been a senior advisor to the Indonesian company, which runs the Grasberg mine in Papua, the world’s largest gold and third-largest copper mine, since August 2016.
The position of president director has been vacant since Maroef Sjamsoeddin’s premature departure in January this year after a short stint. The former deputy to the chief of the State Intelligence Agency (BIN) assumed office in January last year.
Maroef resigned after allegations surfaced of extortion involving top politicians and lawmakers related to the company’s planned share divestment.