Fuganto Widjaja

Fuganto Widjaja (born 1980/1981) is an Indonesian billionaire businessman.

Fuganto Widjaja
Born1980/1981 (age 39–40)[1]
NationalityIndonesian
EducationCornell University
Cambridge Judge Business School
OccupationBusinessman
Net worthUS$10.4 billion (Widjaja family, November 2017)[2]
TitleCEO, Golden Energy and Resources
RelativesEka Tjipta Widjaja (grandfather)
Oei Hong Leong (uncle)

Fuganto Widjaja is the grandson of Eka Tjipta Widjaja, the founder of the Sinar Mas Group, an Indonesian palm oil and property conglomerate started before the Second World War. In April 2015, he revealed a surprise takeover bid for Asia Resource Minerals, the coal mining company founded by Nathaniel Philip Rothschild.[3]

Early life

Fuganto Widjaja was educated at High School in Singapore, before earning a bachelor's degree in Computer Science & Economics from Cornell University in 2003, and an M Phil in Finance from the Cambridge Judge Business School in 2004.[4][1]

Career

Fuganto Widjaja is Director at Sinar Mas Multihara TBK. He is also the Group Chief Executive Officer & Executive Director at Golden Energy & Resources Ltd.[5]

Golden Energy & Resources is a subsidiary of the Sinar Mas Group.[6]

Sinar Mas Group is a brand of companies which is active in six business pillars -- Pulp & Paper, Agri-business & Food, Financial Services, Developer & Real Estate, Communications & Technology and in Energy & Infrastructure.[7]

Golden Energy and Resources Limited is a Singapore listed leading energy and resources company in the Asia Pacific region.[8]

An heir to the large family-owned conglomerate, Fuganto Widjaja is on a mission to modernise the family business. He is shifting the business to focus on energy, infrastructure, telecommunications and education. As an entrepreneur, he believes in starting and creating new things that people need.[9]

In April 2015, he revealed a surprise takeover bid by Asia Coal Energy Ventures, a Sinar Mas subsidiary,[10] for Asia Resource Minerals, a shell company which owned a majority of Berau Coal’s stock, founded by Nathaniel Philip Rothschild.

This was a surprise takeover as past contenders have failed to secure a majority stake in the coal company. It was also viewed as a move that restored confidence in the Indonesian’s ownership of a sizeable mining venture.[11]

Fuganto Widjaja shared with the media that the investment was to support the Indonesian government’s aim to boost electricity supply for the country through coal.[12]

Under Fuganto Widjaja’s leadership, Berau Coal received an award for its corporate social responsibility program at the 2019 ASEAN Coal Award. As part of this program, the company assisted the Punan Basap Tribe in a resettlement project. [13]

Widjaja is a president director of Berau Coal Energy.[14]

Fuganto Widjaja also received an award as a TOP leader on CSR Community 2018. This is an award organised by TOP Business.[15]

In April 2019, Fuganto Widjaja launched Gear Innovation Network, a tech innovation centre by Golden Energy and Resources in Singapore. The centre was established with an initial investment of US$2 million and supported by the Economic Development Board in Singapore. Gear Innovation Network focuses on transforming capital-intensive industries such as mining, logistics and construction through digital technologies in Southeast Asia.[16]

Golden Energy & Resources Limited sources coal from its coal mining concession areas, covering approximately 66,204 hectares in South and Central Kalimantan and South Sumatra Basin.[17]

Sinar Mas Group has been recognised as one of the winners in the 2019 Indonesian Employers of Choice Awards (EOC) by SWA and Korn Ferry Indonesia.[18]

The company has also been awarded as one of the top three social business innovation companies in the category of property, real estate and insurance by Warta Ekonomi in 2018.[19]

In 2019, Sinar Mas Mining was recognised as one of HR Asia’s Best Companies to work for. The company achieved this status in the categories of HR Innovation, Employer Branding and Leadership and Development.[20]

After a stint at UBS, Widjaja founded Pristine Brand mineral water, before becoming a director of Sinar Mas Multiartha, holding company of Sinar Mas Financial services.[4]

References
  1. "Executive Profile: Fuganto Widjaja". Bloomberg LP. Retrieved 22 November 2018.
  2. "Forbes profile: Widjaja family". Forbes. 14 November 2017. Retrieved 22 November 2018.
  3. Fortson, Danny (19 April 2015). "Baby-face billionaire throws spanner into Rothschild's Indonesian works". The Sunday Times. Retrieved 22 April 2015.
  4. "Subscribe to read". Financial Times. Retrieved 22 November 2018. Cite uses generic title (help)
  5. "Business Leaders".
  6. "Sinarmas Subsidiary Golden Energy Acquires 10% Westgold Shares". the insider stories. Retrieved 4 December 2017.
  7. "About Us". Sinarmas.
  8. "One of Indonesia's Largest Coal Reserve Owners". golden energy and resources.
  9. "Fuganto Widjaja, Sinar Mas: a new start in Indonesia". Financial Times.
  10. "Sinar Mas gains control of Asia Resource Minerals as Rothschild exits". theedgemarkets.com. 8 June 2015. Retrieved 22 November 2018.
  11. "Indonesia's young heirs stick their necks out". The Straits Times. Retrieved 2 July 2015.
  12. "Fired up over coal deal". The Straits Times. Retrieved 2 July 2015.
  13. "CSR Berau Coal raih penghargaan ASEAN Energy Awards di Bangkok". Kontan.co.id. Retrieved 6 September 2019.
  14. "Boards of Commissioners and Directors". Berau Coal Energy - Boards of Commissioners and Directors. Retrieved 22 November 2018.
  15. "golden enery mines dan berau coal raih top csr 2018". Sinarmasmining.
  16. "Sinar Mas mining firm sets up tech innovation centre in Singapore". The Straits Times. Retrieved 30 April 2019.
  17. "Golden Energy and Resources Ltd". Reuters.
  18. "Ini Perusahaan Idaman Karyawan dan Pencari Kerja 2019". Republika.co.id. Retrieved 25 November 2019.
  19. "Inilah Para Pemenang Warta Ekonomi Social Business Innovation Award 2018". wartaekonomi.co.id. Retrieved 27 September 2018.
  20. "HR Asia Announces Indonesia's Best Companies to Work for in Asia". HR Asia. Retrieved 19 June 2019.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.