Jakarta. Tech conglomerate GoTo Gojek Tokopedia (GOTO) has announced the appointment of Simon Tak Leung Ho as its new Chief Financial Officer (CFO), replacing Wei Jye Jacky Lo.

Simon, a seasoned finance professional, will officially assume his role as GOTO's CFO on August 30, pending shareholder approval at an extraordinary general meeting (EGM) scheduled for the same date. He will also join the company's board of directors following the EGM.

With over 25 years of experience in finance, Simon's expertise spans financial management, corporate strategy, capital markets, and investor relations. He began his career in management consulting before transitioning to the finance sector, holding senior positions at international banks, including Citigroup and ABN AMRO.

Prior to joining GOTO, Simon served as CFO at FinVolution Group, a fintech platform listed on the New York Stock Exchange (NYSE), and most recently as CFO at Maya, a leading digital payments and banking company in the Philippines.

Residing in Indonesia, Simon will report directly to GoTo Group CEO Patrick Walujo, overseeing the finance and investor relations divisions. Patrick emphasized the significant value Simon's extensive experience and deep financial knowledge will bring to the company as it strives for sustainable growth.

"Simon will be a key member of our senior management team and will play a crucial role in ensuring we deliver long-term value for our shareholders," Patrick Walujo stated in an official release on Thursday.

"I also extend my highest appreciation to Jacky Lo for his dedication and contributions to GoTo. Under his leadership, GOTO has achieved improved financial conditions, particularly in profitability and operational efficiency."

Simon Ho expressed his long-standing admiration for GoTo Group's transformative impact and solutions for millions of people in Indonesia and across Southeast Asia. "I welcome the opportunity to be part of GoTo Group's journey and will work closely with the management team to ensure the company's optimal growth," he said.

Simon's appointment comes at a crucial moment for GoTo Group. Throughout 2023, GOTO consistently accelerated its path to profitability and formed strategic partnerships with TikTok. Having increased revenue and improved operational efficiency, the company now aims to expedite growth by boosting investments to drive business expansion while remaining committed to achieving adjusted EBITDA break-even for 2024.