TIMAH Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Ahmad Virsal

Chief executive officer

Rp3.2b

Total compensation

CEO salary percentage	50.1%
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	1.5yrs
Board average tenure	2yrs

Recent management updates

No updates

Recent updates

No updates

CEO Compensation Analysis

How has Ahmad Virsal's remuneration changed compared to TIMAH's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-Rp470b
Dec 31 2023	Rp3b	Rp2b	-Rp450b

Compensation vs Market: Ahmad's total compensation ($USD203.91K) is below average for companies of similar size in the US market ($USD2.40M).

Compensation vs Earnings: Insufficient data to compare Ahmad's compensation with company performance.

CEO

Ahmad Virsal

less than a year

Tenure

Rp3,236,716,300

Compensation

Mr. Ahmad Dani Virsal serves as President Director at PT TIMAH Tbk from June 15, 2023. He served as Head of Management Strategic at PT Timah (Persero) Tbk and served as its General Manager for Production A...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ahmad Virsal	President Director	less than a year	Rp3.24b	no data
Fina Eliani	Director of Finance & Risk Management and Director	2yrs	Rp5.51b	no data
Nur Kuncoro	Director of Operation & Production and Director	less than a year	Rp2.77b	no data
Tigor Pangaribuan	Director of Human Resources & Director	less than a year	Rp2.49b	no data
Koko Wigyantoro	Director of Business Development & Director	less than a year	Rp2.49b	no data
Dian Syafitri	Head of Accounting Division	no data	no data	no data
Didik Riyadi	Head of Technical Division	no data	no data	no data
Yenni Ariani	Head of Marketing Division	3.5yrs	no data	no data
Agung Nugroho	Head of Facility & General Affair	7.3yrs	no data	no data
Ichwan Azwardi Lubis	Head of Business Strategy & Development Division	no data	no data	no data
Ebbi Wibisana	Head of CSR Division	5.8yrs	no data	no data
Adam Darmawan	Head of Occupaional Health Safety & Environment	no data	no data	no data

1.5yrs

Average Tenure

50yo

Average Age

Experienced Management: PTTM.F's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Ahmad Virsal	President Director	less than a year	Rp3.24b	no data
Fina Eliani	Director of Finance & Risk Management and Director	2yrs	Rp5.51b	no data
Nur Kuncoro	Director of Operation & Production and Director	less than a year	Rp2.77b	no data
Tigor Pangaribuan	Director of Human Resources & Director	less than a year	Rp2.49b	no data
Koko Wigyantoro	Director of Business Development & Director	less than a year	Rp2.49b	no data
Agus Panjaitan	Independent Commissioner	3.9yrs	Rp3.21b	no data
M. Baharudin	Independent President Commissioner	4.3yrs	Rp3.58b	no data
Rustam Effendi	Commissioner	4.3yrs	Rp3.21b	no data
Yudo Dwinanda Priaadi	Commissioner	2.4yrs	Rp3.19b	no data
Sufyan Syarif	Commissioner	2yrs	Rp2.87b	no data

2.0yrs

Average Tenure

59yo

Average Age

Experienced Board: PTTM.F's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/05/21 01:45
End of Day Share Price	2024/02/23 00:00
Earnings	2024/03/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

PT TIMAH Tbk is covered by 18 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andi Hadiwidjojo	BofA Global Research
Michael Evans	CGS International
Eun Young Lee	DBS Bank Ltd