Indonesian unicorn Bukalapak's CEO steps down in surprise move

Alibaba-backed e-commerce site names ex-banker to succeed founder Achmad Zaky

20191209 Bukalapak CEO

Rachmat Kaimuddin, right, will replace Achmad Zaky as chief executive of Indonesian online marketplace Bukalapak. (Photo courtesy of the company)

ERWIDA MAULIA, Nikkei staff writer

JAKARTA -- Indonesian e-commerce unicorn Bukalapak on Monday announced that founder Achmad Zaky would leave his position as chief executive of the startup on Jan. 6, with a former bank executive appointed as his successor.

Zaky will become an adviser at the online marketplace, Bukalapak said in a statement. He also will serve as chair and mentor at the Achmad Zaky Foundation, a nonprofit startup accelerator to be established soon.

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