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Noke Kiroyan is to be replaced as president director of PT
Newmont Pacific Nusantara, an Indonesian subsidiary of United
States-based Newmont Corporation, after about a year in the job, a
source said Thursday in Jakarta.
According to the source, Kiroyan, one of the most prominent business
executives in the country, would be appointed the chief commissioner of
the company, which handles corporate affairs for Newmont operations in
Indonesia.
Kiroyan, who was on a business trip in Singapore, was unable to reply
to The Jakarta Post's request for confirmation.
The company's corporate communication's manager, Nunik Maharani
Maulana, confirmed Kiroyan's departure from the executive board and his
appointment as chief commissioner.
"The change will become effective Jan. 7," she told The Jakarta Post.
When asked for the reasons behind his replacement, she would only say
that it might be personal as Kiroyan, who celebrated his 60th birthday
only recently, had made it clear in the past that he wanted to retire
when he reached the age of 60.
Besides Newmont Pacific Nusantara, Newmont has two other subsidiaries
in Indonesia -- PT Newmont Nusa Tenggara, which operates a major copper
and gold mine in West Nusa Tenggara, and PT Newmont Minahasa Raya,
which operates a gold mine in North Sulawesi.
Newmont Minahasa's president director Richard B. Ness is currently
standing trial, and faces three years' imprisonment if convicted, on
charges of causing pollution. However, Ness's trial has been widely
criticized on the grounds that he was hauled before the courts without
sufficient evidence.
Kiroyan was appointed president director of PT Newmont Pacific
Nusantara in late 2005. His career as an international business
executive spans a period of more than three decades.
Kiroyan was with the Siemens Group for many years, eventually becoming
president director of PT Siemens Indonesia. He joined the Salim Group
in 1991 as the managing director of Salim Deutschland Gmbh in
Dusseldorf, Germany, and subsequently served as director, treasurer and
CEO of Salim subsidiaries in Australia and the US.
In 2001, he was appointed president director of PT Kaltim Prima Coal, a
major coal miner in East Kalimantan, which was then jointly owned by
Rio Tinto and BP. KPC was acquired by Bumi Resources, part of the
Bakrie Group, in October 2003, whereupon he was retained as
non-executive chairman of PT Rio Tinto Indonesia, from which post he
resigned in September 2005 to join Newmont.
Kiroyan is currently chairman of the board of patrons of Indonesia
Business Link that he co-founded in 1999 and has emerged as an
acknowledged resource center for corporate citizenship in the country.
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