Bayu Widyanto

Bayu Widyanto

Chief Financial Officer @ PT. Paiton Energy

About

Currently serve as the Chief Financial Officer at PT Paiton Energy, the largest independent power producer in Indonesia. I have over 20 years of experience in accounting, auditing, and financial management in various industries, especially in energy, utilities, and resources/mining. I am a FCPA (Aust) and Chartered Accountant with strong analytical skills and process improvement mindset. My core competencies include leading and integrating finance, communication, marketing, and securities law compliance to enable effective two-way communication between the company, the financial community, and other stakeholders. I also have experience in the area of strategic management responsibility for creating and executing the plans to optimize shareholders' return; strengthening corporate governance and internal control; and managing capital investment budgets up to USD 300 million annually. Additionally, I have experience in contract renegotiation, finance organization restructuring, learning and development program design, and cost-saving initiatives implementation. My mission is to deliver value and excellence to the company and its investors, while ensuring compliance and alignment with local and global regulations and policies. I am passionate about the energy, utilities, and resources sector and its potential to contribute to the national and regional development and sustainability.

Country

Indonesia

City

Jakarta

Industry

Renewables & Environment

Skill

Financial Modeling, Capital Budgeting, Investment Control, DCF, Corporate Finance, Internal Controls, Financial Analysis, Financial Reporting, Auditing, Finance, Accounting, Investor Relations, Financial Audits, Business Process Improvement, Managerial Finance, Strategy, Strategic Planning, Enterprise Risk Management, Cash Flow, IFRS

Experience

PT. Paiton Energy

Chief Financial Officer

PT. Paiton Energy

LinkedIn
2020-10 - Present · 6 yrs

Jakarta, Indonesia

Also serve as Chief Risk Officer of the Company. Reporting to the President Director/CEO. Leading Corporate Finance, Investor Relations, Treasury & Cash Management, Financial Planning & Analysis, Accounting, Financial Reporting and Tax as well as Risk Management, and Procurement Improvement at PT Paiton Energy, to analyze, creating and executing the plans to optimize shareholders' return. Strengthening corporate governance and internal control within the Company. PT Paiton Energy ("Paiton Energy" or the "Company") is the first and the largest Independent Power Producer (IPP) operating in Indonesia. We currently own and operate three coal-fired power plants at Paiton Power Complex in East Java and provide 2,045MW of power to PT PLN (Persero), which is approximately 6% of total installed capacity in Java. Paiton Energy generates approximately 13,500 GWh of electricity per year, which contribute to around 10% of the annual electricity consumption in Java. Our power stations deliver reliable source of electricity to PLN under long term Power Purchase Agreements. Paiton Energy guarantees project bonds amounting to more than USD2 billion, which rated Baa3 by Moody's and BBB- by Fitch. We have distinguished ourselves as a reliable supplier of electricity, as well as an active corporate citizen, providing support to local communities in East Java as well as to other projects throughout Indonesia. We see these roles as being mutually supportive and we look forward to strengthening our roles in Indonesia over the long-term.

Asosiasi Produsen Listrik Swasta Indonesia

Chairman - Finance & Tax Committee

Asosiasi Produsen Listrik Swasta Indonesia

LinkedIn
2025-12 - Present · 10 mos

Indonesia

Indonesian Coal Fired Power Plant Association (APLBI)

Management Board

Indonesian Coal Fired Power Plant Association (APLBI)

2022-1 - Present · 4 yrs 9 mos

Indonesia

PT CBC Indonesia

Director & Chief Financial Officer

PT CBC Indonesia

LinkedIn
2019-6 - 2020-9 · 1 yr 4 mos

Greater Jakarta Area, Indonesia

Board of Directors member with the main duties were to lead the Finance organization and work alongside Commissioners and Corporate Management team. To be hands-on with the company’s finance inclusive of commercial, and advising on the best path of growth for the business. Organize the overall control and responsibility for all financial aspects of company’s strategy and operations. Motion Asia Pacific (previously Inenco Group Australia) is fully-owned by Genuine Parts Company (a US listed company) which is the leading force in the distribution of industrial engineering products such as bearings, power transmission, sealing, fasteners, driveshafts, drives and motors, belting, fluid power, engineering services, lifting and safety equipment, tools and maintenance products in Australia, New Zealand, Indonesia & Singapore. The target markets include mining, heavy industry & engineering, manufacturing, food & beverage and packaging. Indonesian operations through PT CBC Indonesia and PT Nusa Utama Engineering generate more than US$25 million in revenue. A healthy organic growth year-on-year in the preferred customer segments are the main focuses as well as the non-organic growth through acquisitions.

PT Nusa Utama Engineering

Director & Chief Financial Officer

PT Nusa Utama Engineering

2019-6 - 2020-9 · 1 yr 4 mos
Vale

Director of Finance and Controller

Vale

LinkedIn
2014-2 - 2019-5 · 5 yrs 4 mos

Indonesia

Reported directly to CFO, with main roles and responsibilities as follow: - Accountable for finance operations and controlling of the Company, and covers the area of corporate finance & strategy, treasury, financial accounting & reporting, financial planning & analysis. and taxation; to provide leadership in formulating and implementing a financial management control system to the maintenance of an adequate system of accounting records and a comprehensive set of controls designed to mitigate risk; and enhance the accuracy of the company's reported financial results in compliance with international financial reporting and procedure standards. - Senior finance function to formulate financial strategy for continuous operation of the Company; - Strategic finance function to deal with financial institutions for financing matters; - Part of the Organizational Development team in CFO organization to improve and develop Finance organization by identifying the needs of organization and following up necessary action, actively proposing initiatives related to learning and education for Finance organization; - Led the Contract of Work renegotiation process with the Government of Indonesia in the area of Finance

Vale

Chief Financial Officer

Vale

LinkedIn
2016-9 - 2016-11 · 3 mos

Indonesia

2 periods (March - June 2014; September - November 2016) holding an acting role to working alongside the Board of Directors, hands on with company finance as well as commercial, advising on the best path of growth for the business. Hold the overall control and responsibility for all financial aspects of company strategy and operations.

Vale

Senior Manager Capital Project Control and Financial Evaluation

Vale

LinkedIn
2010-7 - 2014-1 · 3 yrs 7 mos

Indonesia

Reported directly to CFO, with high intensity on dealing with the company’s core operation from Mining, Process Plant, and Utilities for capital expenditure projects, corporate finance and strategy function, which required a deep knowledge of mining operations, financial modeling, cash flow projection, risk management and business forecast. Main roles, responsibilities and achievements include: - Corporate finance and strategy functions to develop the overall financial and taxation engineering for structuring PT Vale growth plan and/or sustainable operation; - Enterprise risk management functions including the application of methods and processes used by PT Vale to manage risks and seize any strategic opportunities; - Heavily involved in Operations, Finance and Projects Portfolio team for developing PT Vale’s growth plan; - Develop debt/equity financing scenario for PT Vale’s growth plan which include multi-year dividend scenario, corporate finance aspects and capital investment plan; - Maintain relationship with Investment and Commercial Banks and other financial institutions with regards to potential debt financing of the Company's investment plan both for growth and sustaining operations; - Ensure all relevant key business/operational decisions and major investments are supported with high quality economic/financial evaluation, including assessment of Mineral Resources and Mineral Reserves; - Ensure rigorous review and good quality plan are done in preparation of annual capital/investment plan; - Responsible for Management’s Discussion and Analysis section and all financial related information for the Annual Report.

Vale

Investor Relations

Vale

LinkedIn
2011-4 - 2011-11 · 8 mos

Maintains external communications and relationships with financial communities and constituencies for providing official stand point to any questions about the Company and performance; manages investor relations strategy and activities; communicates internally the perception that analysts and shareholders have of performance and share value; coordinates the preparation of the Company’s annual report with supporting Q&A and press releases; manages participation and involvement in Indonesia Stock Exchange (IDX) Public Expose and/or IDX Investor Day; and represents the Company in meetings with analysts, investors, and fund managers. Reported directly to CFO.

PwC

Senior Consultant

PwC

LinkedIn
2008-3 - 2010-2 · 2 yrs

Financial assurance services including audit planning, preparation of Independent Auditors’ report and summary review memorandum of the financial statement. Main roles and responsibilities, and achievements as follow: • Managing the audit to ensure implementation of audit plan, preparation of working paper to firm’s standards, and development of appropriate constructive service comments. • Reporting directly to the engagement leader for audit progress. • Liaising with clients and being the first point of client contact in relation to accounting and auditing matters. • Overseeing junior staff and providing feedback for their improvements. • Part of PwC global new audit software implementation. • Familiar with Australian IFRS through auditing Australian companies. • Major clients include: Scholle, Flight Training Adelaide, Adelaide Brighton, Babcock and Brown, St Peter’s College, Energy Industry Ombudsman (SA) Ltd., Children Women and Youth Health Services, National Jet Systems.

PwC

Assistant Manager

PwC

LinkedIn
2001-9 - 2008-1 · 6 yrs 5 mos

A wide variety of engagements including financial assurance services, due diligence reviews, systems and business control reviews, and special audit. Main roles, responsibilities and achievements included: • Experienced in control attestation services in Sarbanes Oxley review assignment for SEC registrant clients. • Managing the audit and other assignments, and delivering high quality client services. • Being involved in the recruitment process and became a staff development coach for junior staff. • Being the facilitator to various PwC internal training and courses. • Major clients and assignments: Integrated audit – Sarbanes Oxley 404: PT International Nickel Indonesia Tbk., Rio Tinto Indonesia, Newmont. Financial statements audit: PT Arun LNG, PT Timah Tbk., PT Transportasi Gas Indonesia, Chevron Indonesia, Chevron Texaco Energy Indonesia, PT Newmont Minahasa Raya, PT Semen Padang, Bechtel Group Indonesia, PT Aneka Tambang Tbk., PT United Tractors Tbk., PT Magma Nusantara Ltd., PT Petrosea Tbk.. Special assignments: PT Medco E&P Indonesia (Policies and Procedures assessment), PT Energi Mega Persada Tbk. (Control diagnostic review), KPC and Arutmin Indonesia (Due diligence review), ConocoPhillips Indonesia (Due diligence review), PT Pupuk Sriwidjaja (Special audit).

Faculty of Economics and Business UGM

Guest Lecturer

Faculty of Economics and Business UGM

LinkedIn
2006 - 2006

Yogyakarta, Indonesia

Accounting Profession Program. Delivering subjects mainly related to auditing, and providing feedback to the students in interactive class.

Faculty of Economics and Business UGM

Assistant Lecturer

Faculty of Economics and Business UGM

LinkedIn
2000-9 - 2001-6 · 10 mos

Yogyakarta, Indonesia

Assisting in out-of-class lecturing

Education

Universitas Gadjah Mada

Universitas Gadjah Mada

LinkedIn

Accounting

1997 - 2003 · 6 yrs
The University of Chicago Booth School of Business

The University of Chicago Booth School of Business

LinkedIn

Finance Program: Decision Making and Capital Management in the Firm; in partnership with Vale S.A.

2011 - 2011
Naveen Jindal School of Management, UT Dallas

Naveen Jindal School of Management, UT Dallas

LinkedIn

Advanced International Program in Oil & Gas Financial Management; in partnership with PwC US

2006 - 2006

Bayu Widyanto's Contact Information

Email

******@***.com

Phone

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