2015 Asia-Pacific Gold Winner - GE Indonesia

Company: GE Indonesia, Jakarta, Indonesia
Category: Executive of the Year – Conglomerates

Entry Title: Handry Satriago, CEO

Handry Satriago became the first CEO of GE Indonesia that graduated from an Indonesian university, and he is the youngest CEO in the history of GE Global. Handry has been with GE since 1997.

GE Indonesia is determined to bring more progress in the next few years. Indonesia - with its steady growing macroeconomy and its serious need for infrastructure development - is an important market for General Electric. The company is engaged in various sectors of Indonesia, including transportation, energy, aviation, oil & gas and health.

Human Capital

Handry has spoken often about the need to develop local talent and prevent Indonesian workers working abroad . He cites a lack of adequate training as well as lack of confidence in the Indonesian economy. "Where is the most important task of a leader is to develop new leaders are tough," he said.

Investing in Indonesia

In 2013 GE announced a plan to invest $300m in the next five years to support the country's infrastructure development. Handry said Indonesia would be a key market for the company. The multinational conglomerate plans to get involved in energy, aviation, mining, health, transportation, and oil and gas in the country.

To date, the company has invested more than $1bn in Indonesia:

The expansion of Batam subsea manufacturing facility.

• “With this expansion, Indonesia could become the first country in Asia Pacific to have a production facility for subsea production trees. Handry said. in November 2013 GE Indonesia opened its newly expanded Batam Island subsea manufacturing facility.

The GE Learning and Technology Center establishment,

• The facility is expected to train 200 employees of state-owned oil and gas company Pertamina and also of state utility Perusahaan Listrik Negara. The learning center will link GE with its corporate customers, Handry said, adding that the trainers would come from among scholars, GE international and local staff members.

Creation of a service maintenance training center for the CFM 56-7B aircraft engine, in partnership with national flag carrier Garuda Indonesia,
Cooperation with the railway operator Kereta Api Indonesia (KAI) to modernize its locomotives.

Entering the mining sector by producing equipment and tools. At the moment, we are promoting anti-collision systems,” Handry said.

Expanding its GE Lighting plant in Sleman, Yogyakarta. This would boost GE Lighting’s production capacity for halogen bulbs for the export market to around 35 million units per year.

Going Forward

In March 2015, Vice President Jusuf Kalla asked the private sector to participate in the construction of the power plant 35 thousand megawatts in the next five years to meet the electricity needs of the growing community. GE Indonesia may help build the power plant in cooperation with other companies. . "We will contribute significantly, as much as we could do," he said.

To pursue business growth worth US $ 5 billion in the next two years, the General Electric Indonesia is implementing strategies such as employee growth of 10% this year.

GE Indonesia’s home grown leader, Handry Satriago is optimistic the company will be able to reap revenues to over $ 1 billion this year. With his dedicated leadership, the goals will be achieved.

Supporting Materials:

http://www.ge.com/id/en/company/leadership/bios/handry_satriago.html
http://www.asean-investor.com/ge-invest-100m-indonesia-2014-part-300m-3-year-period/
http://www.thejakartapost.com/news/2013/07/17/ge-experience-comes-indonesia.html#sthash.95jV35od.dpuf
http://bisniskeuangan.kompas.com/read/2013/08/28/1317059/Handry.Satriago.CEO.Termuda.dalam.Sejarah.General.Electric
http://economy.okezone.com/read/2015/03/10/320/1116457/ge-indonesia-incar-pendapatan-di-atas-usd1-miliar
http://www.ge.com/news/company-information/indonesia