Bukalapak CEO Achmad Zaky steps down, ex-banker Rachmat Kaimuddin to take over

Indonesia

3 min read

Dec 09, 2019

By Putu Agung Wija Putera

Co-founder Achmad Zaky (L) and new CEO Rachmat Kaimuddin © Bukalapak

Rumors of a leadership change first surfaced in August as the Indonesian unicorn and its co-founder got a bad press

The CEO and co-founder of Indonesian e-commerce unicorn Bukalapak, Achmad Zaky, is stepping down, the company said on December 9. He will be replaced by Muhammad Rachmat Kaimuddin, an MIT- and Stanford-educated former consultant with over 15 years of experience in finance and consultancy.
The change in leadership, which will take effect on January 6, 2020, is a “continuation of the company's long-term plan into the second decade and in order to build a sustainable e-commerce business,” Bukalapak said in an announcement.
Achmad will remain as founder and an advisor at Bukalapak. He will a...

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Edited by Bernice Tang

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IN THIS INSIGHT

STARTUPS Bukalapak

Indonesia

Founders Achmad Zaky

Indonesia Co-founder and ex-CEO of Bukalapak

Founders Muhamad Fajrin Rasyid

Indonesia Co-founder and CFO of Bukalapak

Founders Nugroho Heru Cahyono

Indonesia Co-founder and CTO of Bukalapak

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