Qatar Telecom makes changes to Indosat board
DUBAI, June 11 (Reuters) - State-controlled Qatar Telecommunications Co QTEL.QA (Qtel) said on Thursday shareholders had approved changes to the board of Indonesia's PT Indosat Tbk (ISAT.JK), in which Qtel has a 65 percent stake.
The new board will have five instead of 10 members and will have three new members, Sasongko Tirtotjondro, Peter Kuncewicz and Steve Hobbs, Qtel said in a statement.
Tirtotjondro, who served as chief executive officer of GE Money Indonesia, will replace Johnny Sjam as president director from August, the statement said. Indosat, Indonesia's second-largest mobile phone operator in terms of market share, reported a 82.4 percent drop in its unaudited net profit for the first quarter, hit by the rupiah currency's fall against the dollar. (Reporting by Dania Saadi; Editing by David Holmes)
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