GoTo CEO Patrick Walujo commits to stay until 2029

GoTo’s CEO Patrick Walujo has confirmed his intention to remain in his position until 2029, according to a statement released Monday.

The company’s board of commissioners approved a performance-based retention package as part of Walujo’s employment agreement, focusing on achieving continued profitable growth in the coming years.

Under Walujo’s leadership, GoTo has seen improvements in financial performance. In the third quarter of 2024, its core gross transaction value rose by 74% year-on-year to 72 trillion rupiah (around US$4.4 billion).

Additionally, gross revenue increased by 34% year-on-year to 4.7 trillion rupiah (around US$290.1 million).

Recent GoTo developments

Timeline
11-Nov-2024 ☁️ GoTo, Tencent, Alibaba agree on Indonesia cloud project GoTo, Tencent, Alibaba boost Indonesia’s cloud. Tencent invests $500M for new data center.
05-Nov-2024 🚚 GoTo alums raise seed round for ‘driver-as-a-service’ firm Dash Electric offers cost-effective EV delivery. Startup secures funding; aims for 2000 EVs by 2025.
31-Oct-2024 📉 GoTo records net loss of $42m in Q3 GoTo posted a net loss of 655 billion rupiah Core GTV surged 74% to 72 trillion rupiah
30-Oct-2024 📉 GoTo’s Q3 losses narrow to $109m as user figures rise GoTo narrows Q3 losses by 29% to $108.6M. Revenue rises 8% to $249.2M, EBITDA turns positive.
30-Oct-2024 📈 GoTo Group’s financial health in 5 charts GoTo Group adjusts financial reporting method Chart for ecommerce not updated post TikTok deal
19-Sep-2024 🚀 GoTo appoints Alibaba alum as CTO William Xiong appointed as GoTo’s CTO He has 25+ years in tech and product management