United Tractors’ CEO Frans Kesuma Receives Top CEO 2023 Award from Tempo-IDNFinancials

Nusa Dua, December 2, 2023 – President Director of PT United Tractors Tbk (UT), Frans Kesuma has been awarded as the Best CEO 2023 in the Construction Machinery and Heavy Vehicles category, with the titles of Top Market Capitalization, Top Net Profit 2022, and Top Compound Annual Growth Rate (CAGR) Net Profit. This award was presented by Tempo-IDNFinancials at the TOP CEO Award 2023 event held at Sofitel Nusa Dua Bali on December 1, 2023.

The TOP CEO Award 2023 is an award given to CEOs of public companies in the capital market for their success in optimizing company performance positively, implementing good corporate governance, and providing a positive impact on the environment. This award is a strategic momentum to increase trust and performance for business growth and increase the company’s value or market capitalization on the Indonesia Stock Exchange (BEI).

“I would like to express my deepest gratitude to Tempo and IDNFinancials for this award given at the end of 2023. This award further encourages UT in the coming years to continue to support economic growth, create jobs, invest in technology and innovation, collaborate with business partners and the government to advance the industrial sector, and become a pioneer in sustainable practices,” said Frans Kesuma.

Frans Kesuma has led UT since 2019 and has successfully steered the company through various challenges amidst increasingly dynamic global conditions. Therefore, UT is constantly exploring business development opportunities in new sectors such as minerals and renewable energy. This is an important step for UT in future investments that remain relevant and competitive in the ever-changing business world.

In addition, a major focus of UT is to pursue new opportunities by improving the competence of all UT Group human resources through the development of skills relevant to business and industry changes, a deep understanding of new technologies, the ability to create sustainable innovations, an agile attitude, and strategic collaboration.

As a company committed to implementing ESG (Environmental, Social, and Governance), UT consistently continues improving corporate governance measurements related to structure and oversight, code of ethics and values, and transparency in reporting. In addition, UT is also committed to implementing sustainable business practices to build a better future for the Indonesian nation.

The assessment indicators for this award focus on market capitalization size, net profit in 2022, average profit growth over five years, dividend distribution for five years, sustainability reports (ESG), and the results of CEO interviews.

Through this award, UT is committed to innovating and providing the best solutions for the environment and society. Not only that, but UT also prioritizes the sustainability targets that have been outlined in UT’s 10 sustainability aspirations, so that the company’s vision and mission to create benefits for stakeholders and the welfare of Indonesia can be achieved.

United Tractors’ Overview

PT United Tractors Tbk (UT) is Indonesia’s largest heavy equipment distributor, established in 1972. The Company operates in five business areas: Construction Machinery, Mining Contracting, Mining, Construction Industry, and Energy. Additionally, UT is committed to promoting sustainability and achieving Sustainable Development Goals (SDGs).

ESG United Tractors

As a world-class heavy equipment, mining, and energy company, UT has been operating in Indonesia for over 50 years. The company is committed to creating a sustainable future for Indonesia by effectively applying ESG principles. UT aims to pay attention to the environment, positively impact society, and uphold good corporate governance at all levels of its business operations. The company also strives to optimize its competencies, expertise, and strategic assets to bring added value to all stakeholders and the Indonesian people.