Semen Indonesia CEO to head state oil & gas company

Dwi Soetjipto, president director of PT Semen Indonesia, has been appointed head of state oil and gas company PT Pertamina, according to reports in the Indonesian press.

"As of November 28, Dwi Soetjitpto is heading Pertamina," said State Enterprises Minister Rini Soemarno.

To date, Dwi Soetjipto has spent his entire career in the cement industry within publicly listed state-run Semen Indonesia, the nation's biggest cement producer.

Prior to achieving the top job in Semen Indonesia in 2005, Dwi led the company's troubled subsidiary PT Semen Padang between 2003 and 2005.

During his term in Semen Padang, Dwi successfully brought order to the company after widespread violent opposition from its workers to the government's plan to sell the controlling stake in Semen Indonesia to Mexico's cement giant Cemex S.A.

His success in reforming Semen Padang earned him the top job in Semen Indonesia in 2005.

Dwi earned his bachelor degree in engineering from the Sepuluh Nopember Institute of Technology in Surabaya, East Java, his masters in management from the Andalas University in West Sumatra, and his PhD in management from the University of Indonesia in Depok, West Java.

Dwi Soetjipto’s successor at PT Semen Indonesia has not yet been confirmed.