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Indonesian unicorn Bukalapak's CEO steps down in surprise move

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

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

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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