JAKARTA, Indonesia – GoTo Group, the largest technology group in Indonesia and the “go to” ecosystem for daily life, today announces the appointment of Jacky Lo as Chief Financial Officer (CFO), effective June 7, 2021.
Lo, who will be based in Jakarta and will report to GoTo Group CEO Andre Soelistyo, was previously the CFO of OneConnect Financial Technology, a leading technology-as-a-service platform for financial institutions and an affiliate of Ping An Insurance of China, for which he led its New York Stock Exchange (NYSE) listing in 2019.
Before that, he was the Chief Financial Officer and Treasurer of Yum China Holdings Inc, one of the largest restaurant companies in China, where he managed a finance team of over 600 employees and led the NYSE listing in 2016.
Lo worked for Ernst & Young for 15 years, including as a partner and deputy director in the Asia Pacific Capital Markets Center, at which he specialized in US SEC reporting and Sarbanes Oxley compliance requirements.
He is a certified public accountant and a member of both the American Institute of Certified Public Accountants and the Hong Kong Institute of Certified Public Accountants.
GoTo Group was formed on May 17, 2021 through the combination of Gojek, Southeast Asia’s leading mobile on-demand services and payments platform, and Tokopedia, a technology company with the leading marketplace in Indonesia.
The agreement was the largest ever business combination in Indonesia, the largest between two Asia-based internet media and services companies to date and created a globally unique and highly complementary ecosystem that combines e-commerce, on-demand and financial services.
“When building our executive team, we knew we needed a CFO who not only had the hard-earned expertise and skills to support our long-term growth plans, but also shared our vision, mission and goal to create a true Indonesian champion that could also be successful on the international stage,” said Andre Soelistyo, CEO of GoTo Group.
“Jacky’s proven track record in strategic thinking and building financial functions for high-growth companies, makes him the ideal partner to join our leadership team as we look to execute our next phase of development and accelerate growth on our path to becoming a listed company.”
At GoTo, Lo will lead the company’s finance function and teams across all areas including tax, treasury, financial planning, accounting and procurement.
“I am very excited to be joining GoTo at this pivotal time and look forward to working alongside the leadership team to capitalize on the tremendous opportunities that we have ahead of us. My focus over the next few weeks and months will be building the foundation and financial capabilities to support an evolving business that is increasingly becoming more global and diverse,” Lo said. – BusinessNewsAsia.com