MPPA announces new management appointments

Lippo Village, Tangerang, Indonesia, 2016-Oct-07 — /EPR Retail News/ — PT Matahari Putra Prima Tbk (MPPA), a multi-format modern retailer in Indonesia which operates Hypermart, SmartClub, Foodmart, Boston Health & Beauty and FMX, today (October 6, 2016) announced new appointments for Chief Financial Officer (CFO) and Chief Strategic, Business Intelligence and Planning Officer. These appointments are in-line with the Company’s strategy to strengthen its management team for continuation of the Company’s retail growth and the anticipation of new business opportunities in the future.

MPPA welcomes Surya Tatang as the Company’s new CFO. The Board of Commissioners, Directors and management team are delighted to have Mr Tatang on-board to direct and supervise the Company’s overall financial aspects. Mr. Tatang is already well known by the MPPA team. His extensive corporate finance expertise in the financial industry includes the recent position of CFO of PT Link Net Tbk. He is a CFA charterholder.

MPPA also welcomes Patrick J. Hopper to assume the new position of Chief Strategic, Business Intelligence and Planning Officer. Subsequent to this appointment, Mr Hopper played an integral role as MPPA’s CFIO while also developing Company strategy and modernizing existing business processes. Mr. Hopper’s work led MPPA’s commitment to build a sustainable retail management platform and institutionalize business processes to support long term growth. As the Company continues to grow as a multi format retailer, Mr Hopper’s new role will be a key contributor to MPPA’s success in the years ahead.

Noel Trinder, CEO of MPPA, commented, “We are delighted and honored to have both Surya Tatang and Patrick J. Hopper as the Company’s new CFO and Chief Strategic, Business Intelligence and Planning Officer respectively. As MPPA grows its position as a leading FMCG retailer in Indonesia, the Company needs to continue strengthening its organization with the right capabilities at the right time. Both Surya and Patrick represent the best executives to assume their duties and will be important parts of the solid MPPA management team.”

About PT Matahari Putra Prima Tbk (MPPA)

PT Matahari Putra Prima one of Indonesia largest retailers employs more than 13,000 associates who serve customers in 112 Hypermarkets (Hypermart), 25 Supermarkets (Foodmart Primo/Fresh), 52 Minimarket/ Convenience stores (FMX), 106 Health and Beauty format stores (Boston) and 2 Wholesale (SmartClub). As of 30 June 2016, MPPA operates 297 stores in 68 cities throughout Indonesia.

MPPA continues to receive both domestic and international acknowledgement with several awards such as: 2016 SWA 100: Indonesia’s Best Wealth Creator, 2016 Brandz™ Top 50 Most Valuable Indonesia Brandsby Millward Brown & WPP, The Charter Award concerning the environmental standards from Ecolabel & Green Label Indonesia by the Ministry of Environment and Forestry of Republic of Indonesia, 2015 Indonesia WOW Brand by MarkPlus Inc, 2015 Top 50 Most Valuable Indonesian Brands by Millward Brown, 2015 Indonesia Best eMark Award by SWA & Telkom University, and 2015 Top 10 Retailers Certificate of Distinction by Retail Asia.

For further information, please contact: Email: corporate.communication@hypermart.co.id

Source: MPPA