What Made Emirsyah Satar an Influential Leader

Highlight on Education & Business: When appointed as the President and CEO of Garuda Indonesia in March 2005, Emirsyah Satar become one of the youngest Chief Executive Officers of an airline in the Asia Pacific region.

He brought into the company a wealth of knowledge in banking and financing. Mr. Satar began his career in the financial industry as an auditor at Price Waterhouse Cooper. He quickly assumed key positions in several multinational companies in Citibank N.A., Jan Darmadi Group, Niaga Finance, Hong Kong and Bank Danamon Tbk.

In 1998, Emirsyah Satar returned to Indonesia to become EVP Finance (CFO) for Garuda Indonesia. During that time, he played a major role in the airline’s financial restructuring process carried out in 2001, which amounted to US$ 1.8 billion. Thanks to invaluable banking and finance experience, he was instrumental in helping Garuda Indonesia avoid bankcruptcy. In recognition of this achievement he received “Financial Restructuring of the Year” from New York “Travel Finance” magazine.

Mr. Satar left the company in early 2003 and was appointed as Deputy CEO of Bank Danamon Tbk (5th largest Indonesian bank at that time). In 2005, he was re~appointed by the Indonesian government as President & CEO of the Garuda Indonesia (flag carrier of Indonesia).

Under Emirsyah Satar’s leadership, the airline has been recognized by SkyTrax, a prominent airline rating institution, as ‘the World’s Most Improved Airline 2010’, ‘the World Best Economy Class 2013’, ‘the World’s Best Cabin Crew 2014’, and ranked #7 of ‘the World’s Best Airlines’. Just before he resigned as the CEO in December 2014, Garuda Indonesia was awarded as one of only 7 airlines in the world whose quality of service is qualified as the Five~Star Airline SkyTrax. Image Courtesy of Garuda Indonesia.

IPMI 3aMr. Satar is currently Chairman of MatahariMall.com (an e-commerce company recently launched by the Lippo Group) and also Executive Director of Lippo Group. He also serves as an Independent Commissioner at PT Bank Danamon Indonesia Tbk., Honorary Advisor to the Indonesia Minister of Tourism and as a member of Advisory Board of idEA (Indonesia E-commerce Association). He is also Vice Chairman of KADIN (Indonesia Chamber of Commerce) and Senior Advisor of INACA (Indonesia Airlines Association).

Emirsyah Satar received his degree in Accounting from the University of Indonesia and complete academic programs at Sorbonne University in Paris. He speaks English, French, Spanish in addition to his mother tongue, Bahasa Indonesia.

In carrying out its mission of inspiring leaders to be pioneering and mind~shaping in creating impact to the global society, IPMI International Business School conducts monthly discussion sessions of Power Talk, featuring prominent speakers who are experts in their particular fields.

We cordially invite you to attend the IPMI Power Talk event with Emirsyah Satar, Chairman of MatahariMall.com (former President & CEO of Garuda Indonesia).

Day~Date: Thursday, 4 February 2016
Time: 10:00 am ~ 12:00 pm
Venue: IPMI International Business School Campus
Topic: “Key Strategies in Transforming a Company to a World Class”

Participation to the above sessions are complementary of IPMI (free of charge). As there will be limited seats, kindly register your attendance via Eventbrite: http://bit.ly/1Qnoblt

We are looking forward to welcome you in IPMI Campus.


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