Business · Companies · 3 hrs ago
Former PNM chief Arief Mulyadi dies after leading the company from 2018
PNM said former chief executive Arief Mulyadi has died, in a statement posted on 27 October.
PNM is an Indonesian state-owned company that provides financing and support to small businesses.
Mulyadi joined PNM as a field account officer in 1999 and later held roles in compliance and risk management.
He became chief executive in 2018 and was reappointed in 2022 for a term through 2026.
Under his leadership, PNM Mekaar expanded to 15.2 million customers, mainly women running ultra-micro businesses.
PNM said he was replaced by Kindaris in May 2026, and the available information does not say what happens next for the company.
Arief Mulyadi, who led Indonesia’s state-owned PNM from 2018, has died, the company said.
PNM announced his death on October 27, 2026, but did not state when or where he died.
He began working at PNM as a field Account Officer in 1999.
He was appointed president director in 2018 and reappointed in 2022 for a term running to 2026.
During his leadership, PNM’s Mekaar programme grew to serve 15.2 million customers, according to Liputan6.com.
- Who
- Arief Mulyadi, former president director of PT Permodalan Nasional Madani (PNM).
- What
- He has died, according to a statement from PNM.
- When
- Reported on October 27, 2026; the exact date of his death is not stated.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
Arief graduated from the biology faculty at Jenderal Soedirman University, according to CNBC Indonesia.
He began working at PNM as a field Account Officer.
He was appointed PNM president director for the 2018–2022 term.
PNM shareholders reappointed him for the 2022–2026 term.
Kindaris replaced Arief as PNM president director.
PNM’s announcement of Arief’s death was reported by CNBC Indonesia.
- Role
- PNM president director from 2018; reappointed in 2022
- First PNM position
- Field Account Officer
- Joined PNM
- 1999
- Mekaar customers
- 15.2 million
- Replacement
- Kindaris, in May 2026
- Death announcement reported
- October 27, 2026
3 sources
What people are saying
Segenap keluarga besar PT Permodalan Nasional Madani (PNM) menyampaikan duka cita yang mendalam atas berpulangnya Bapak Arief Mulyadi, Direktur Utama PNM periode 2018-2026.
Terima kasih atas dedikasi, pengabdian, dan kontribusi yang telah diberikan bagi PNM dan pemberdayaan masyarakat Indonesia.