GoTo stresses profit in CEO choice as rivals' prospects brighten

Experts expect Patrick Walujo to utilize experience in investment, banking

20230612 GoTo

Some analysts praise incoming GoTo CEO Patrick Walujo's leadership potential, saying he should be able to maintain a balance between its predecessor companies. (Source photos courtesy of GoTo) 

NANA SHIBATA, Nikkei staff writer

JAKARTA -- Analysts are hopeful that GoTo's new CEO, who has a banking background, will help the Indonesian superapp and e-commerce platform keep up with regional rivals and achieve profitability.

GoTo Group has nominated Patrick Walujo as CEO, replacing Andre Soelistyo, who is slated to become deputy chairman. The changes are pending approval by shareholders on June 30.

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