Indofood CBP
#1824
Rank
$9.13B
Marketcap
Indonesia
Country
Mr. Anthoni Salim (Pres Director & CEO)
Mr. Hendra Widjaja (Corp. Controller & Director)
Mr. Mark Julian Wakeford (Director & Head of Investor Relations)
Summary
History
Indofood was founded in 1968 as Lambang Insan Makmur, an instant noodles business, with its brand Indomie launching in 1972. The company restructured on 14 August 1990 as PT Panganjaya Intikusuma. In 1994, the company was renamed to PT Indofood Sukses Makmur, and was listed on the Indonesian Stock Exchange on 14 July 1994. It is one of the companies owned by the family of Sudono Salim under the Salim Group.In January 2013, as part of a filing for the Indonesia Stock Exchange, Indofood said it is planning to buy 50% of Brazilian sugar-cane processor Companhia Mineira de Açúcar e Álcool Participações, for $72 million.On 17 February 2021, Indofood CBP has officially purchased all of the shares owned by Fritolay Netherlands Holding B.V., an affiliate of PepsiCo at PT Indofood Fritolay Makmur worth IDR 494 billion, so that the production of Lay's, Cheetos and Doritos brand snacks in Indonesia will be stopped on 18 August 2021. IFL was then renamed into PT Indofood Fortuna Makmur. In addition, PepsiCo and its affiliates has also agreed not to produce, package, sell, market or distribute snack products that compete with IFL products in Indonesia for a period of three years. Instead, Lay's, Cheetos and Doritos in the Indonesian market have been rebranded into Chitato Lite, Chiki Twist and Maxicorn, respectively.
Mission
Vision
Key Team
Ayda Wijaya (Head of Corp. Legal)
Stefanus Indrayana (Head of Corp. Communication)
Mr. Axton Salim (Head of the Dairy Division & Corp. Marketing Division and Director)
Mr. Suaimi Suriady (Head of Snack Foods Division, Corp. R&D and Director)
Eri Pramono (Head of Corp. HR)
Mr. Sulianto Pratama (Head of Food Seasonings, Food Ingredients Unit Operation & Director)
Mr. Taufik Wiraatmadja (Head of Noodles Division & Culinary Products Unit Operations and Director)
Recognition and Awards
References
Mr. Anthoni Salim (Pres Director & CEO)
Mr. Hendra Widjaja (Corp. Controller & Director)
Mr. Mark Julian Wakeford (Director & Head of Investor Relations)