Jakarta. Jeffrey Hendrik has been appointed as acting president director of the Indonesia Stock Exchange (IDX) following the resignation of Iman Rachman, with the interim role set to run until the bourse’s annual general meeting of shareholders in June 2026.

The appointment was made on Friday, the same day Iman stepped down after the Jakarta Composite Index plunged sharply and triggered a trading halt post MSCI freeze announcement. The decision was taken through an internal mechanism and approved at a board of directors meeting, according to the exchange.

“It’s done. Jeffrey was appointed right after the board decision on Friday,” Sunandar, the exchange’s director of information technology and risk management, told reporters at the exchange building on Tuesday.

Jeffrey, who previously served as a board member as IDX development director for the 2022–2026 term, had already represented the exchange at a press conference at Wisma Danantara Indonesia in Jakarta on Saturday night, when he was still officially holding the development director post. Kautsar, at the time, confirmed Jeffrey’s position.

During the press briefing, Jeffrey said the exchange’s operations would continue to run normally despite the leadership transition, stressing that management decision-making would remain unaffected.

“We reaffirm our commitment to building a world-class capital market, not only comparable in terms of trading value and market capitalization, but also on par in transparency and governance,” Jeffrey said.

Sunandar added that the official announcement of the leadership transition will follow the completion of all administrative steps related to Iman’s resignation, with Jeffrey set to remain in the acting role until the shareholders’ meeting in June 2026.