Jakarta. The Financial Services Authority (OJK) has nominated seven candidates for the board of directors of the Indonesia Stock Exchange (IDX) for the 2026–2030 term, with acting chief executive Jeffrey Hendrik proposed to assume the top position on a permanent basis.

The appointments are expected to be finalized at a shareholders’ meeting scheduled for June 29.

The nominations were outlined in an OJK document that has circulated among market participants. Under the proposal, Jeffrey would be appointed President Director of the Indonesia Stock Exchange after serving in an acting capacity.

Hasan Fawzi, Chief Executive of Capital Market Supervision at the OJK, confirmed that seven director candidates had been selected and formally communicated to the exchange.

“That is correct, in accordance with the letter from OJK that has been submitted to the IDX board of directors,” Hasan said on Thursday when asked about the proposed appointments.

He declined to disclose the names of the nominees but confirmed that their appointments would be decided at the upcoming general meeting of shareholders.

According to the document, the proposed board members are:

• President Director: Jeffrey Hendrik
• Director of Corporate Assessment: Saidu Solihin
• Director of Trading and Exchange Member Regulation: Irvan Susandy
• Director of Transaction Supervision and Compliance: Yulianto Aji Sadono
• Director of Information Technology and Risk Management: Abdul Munim
• Director of Business Development: Iding Pardi
• Director of Finance, Human Resources, and General Affairs: Umi Kulsum

The proposed leadership team would oversee the Indonesia Stock Exchange during a period of continued market development, regulatory modernization, and efforts to deepen Indonesia’s capital markets.

The document also reiterates that the Financial Services Authority retains the authority to evaluate or remove members of the exchange’s board before the expiration of their terms if deemed necessary.