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Indonesia's Bukalapak CEO to resign from post

Rachmat Kaimuddin will work for government, says leading e-commerce company

Under Rachmat Kaimuddin's command, Bukalapak launched a successful initial public offering, and it listed on the Indonesia Stock Exchange in August. (Source photos by Reuters and Bukalapak) 

JAKARTA -- Bukalapak, one of Indonesia's leading e-commerce platforms, announced on Wednesday its CEO is set to resign from his post, less than two years after he took over the position.

Bukalapak said in a statement to the Indonesia Stock Exchange (IDX), on which it is listed, that it had received a resignation letter from CEO Rachmat Kaimuddin on Tuesday. "The proposed resignation will be performed by virtue of articles of association of the Company [and its] prevailing laws and regulations," the statement said, adding that there will be no material impact on the company's business.

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