Ignasius Jonan

Ignasius Jonan (born 21 June 1963) is an Indonesian former corporate executive and former Indonesian Minister of Transportation and nowadays becomes Minister of Energy and Mineral Resources, serving under President Joko Widodo's administration.^[1] He was previously CEO of the Indonesian government-owned railway company, PT Kereta Api Indonesia (PT. KAI), from 2009 to 2014.^[2]

Born in Singapore, Jonan received his Bachelor's degree in Accounting from Airlangga University, Surabaya in 1986, and M.A. in International Relations and Affairs from the Fletcher School of Law and Diplomacy, Tufts University in 2005. He started his professional career in the banking sector, holding a managing director role in the American banking and financial services corporation, Citigroup, before entering the public transportation sector in 2009.^[3] He was named by Sofyan Djalil. the then-Minister of State-owned Enterprises, to lead PT. KAI from 2009 to 2014.

Early life and education

Jonan was born on 21 June 1963 in Singapore. He spent his youth in Surabaya, graduating from St. Louis 1 Catholic High School in the city. He graduated with a Bachelor's degree in Accounting from Airlangga University's School of Business and Economics in 1985. He took executive and management programs between 1999 and 2000 from Columbia Business School and John F. Kennedy School of Government at Harvard University.

He received his Master's degree in International Relations and Affairs from Tufts University in 2005.

Career

He started his career as an accountant and investment manager. In 1999, he became Director for Private Equity at Citigroup branch in Indonesia. Two years later, he was appointed CEO of the government owned investment firm, PT. Bahana Pembinaan Usaha Indonesia, assuming the role until 2006. From 2006 to 2009, he was promoted by Citi as Managing Director and Head of Investment Banking for Indonesia.^[4]

Jonan was appointed head of PT. Kereta Api Indonesia in 2009, in the midst of the railway company's output and financial troubles, He was faced with PT. KAI's 27,000 employees with low expectations in terms of work quality, a financial deficit (in 2008, it lost Rp 82.6 billion), and a high percentage of substandard or broken locomotives, diesel trains, freight cars and crumbling stations.^[5]

Within 5 years, he overturned public perception of the failing Indonesian rail transportation system. The company was able to increase passenger ridership by 50% in 2014 compared to when Jonan took the role in 2009. Freight loads have also doubled to nearly 30 million tons per year^[6]

From Minister to Minister

On 26 October 2014, the newly elected Indonesian President Joko Widodo named him as the 37th Minister of Transportation. But on 27 July 2016 President Joko Widodo terminated Ignatius Jonan in a cabinet reshuffle,^[7] Ignatius Jonan with flat face says I will comeback. On 14 October 2016 the president appointed Ignatius Jonan as Minister of Energy and Mineral Resources.^[8]

References

1. ↑ "Jokowi Announces Names of Cabinet Members". Tempo. 26 October 2014. Retrieved 16 April 2016. 
2. ↑ "Ignasius Jonan, Mimpi Bawa PT KAI Sekelas Perusahaan Eropa". 11 July 2014. Retrieved 16 April 2016. 
3. ↑ "Menteri Perhubungan Ignasius Jonan, Dari Akuntan ke Profesional di Sektor Transportasi Publik". Ciputra-UCEO. 12 November 2014. 
4. ↑ "Executive Profile - Ignasius Jonan". Bloomberg. 6 May 2016. 
5. ↑ Silaban, Mary (2 October 2014). "Newsmaker Interview: Ignasius Jonan". American Chamber of Commerce in Indonesia. 
6. ↑ Schonhardt, Sara (29 September 2014). "On the Rails with Ignasius Jonan". Wall Street Journal. 
7. ↑ "Ditanya Soal Reshuffle, Jonan: Saya Mau Pergi, Nanti Balik Lagi". 27 July 2016. 
8. ↑ Hanni Sofia Soepardi (14 October 2016). "Jonan menjadi Menteri ESDM, Arcandra wakilnya".