PT Solusi Environment Asia Tbk
About Us
Our Journey
July 2026
Inauguration ceremony of the first Waste-to-Energy facility in Denpasar, Bali under BUPP Weiming Nusantara Bali New Energy —in partnership with PT Danantara Investment Management & Zhejiang Weiming Environment Protection Co., Ltd.
May 2026
- PT Danantara Investment Management approved the inclusion of PT Ananta Energi Asia in Waste-to-Energy projects consortium for Greater Denpasar and Greater Bogor area.
- AGMS approved Rights Issue for a maximum of 50 million new shares.
March 2026
Completed the Mandatory Tender Offer following the shift in controlling ownership to PT Asia Investment Capital
December 2025
Commenced a venture into the renewable energy sector through our subsidiary, PT Parivarta Energi Nusantara
October 2025
Acquired by PT Asia Investment Capital & transformed into PT Solusi Environment Asia Tbk
July 2020
Officially listed in Indonesia Stock Exchange (IDX) under PT Boston Furniture Industries Tbk [SOFA]
July 2012
Established a furniture business under PT Pratama Prima Cipta
Our Values
Vision
To build Indonesia’s leading green infrastructure platform by acquiring, developing, and compounding value in essential clean energy across the archipelago, for decades.
Mission
- To seek and acquire undervalued infrastructure asset at the intersection of Indonesia’s urbanisation and energy transition, and operate them with discipline, for decades.
- To deploy proven technologies, starting with Waste-to-Energy, where the economic case is clear, the social need is real, and Indonesia’s regulatory environment provides durable concession protection.
- To earn the trust of shareholders, partners, and communities through transparent capital allocation and governance we are always prepared to defend publicly.
The Leadership Behind Our Vision
Our governance structure ensures transparency, accountability, and responsible decision-making across every level of the organization.
Corporate Structure
Organization Structure
Shareholding Structure
Corporate Governance
Board of Directors
Board of Commissioners
Audit Committee
Nomination & Remuneration Committee
Corporate Secretary
Internal Audit Unit
Organization Structure
SEA Organization Structure
As of December 2025
Shareholding Structure
SEA Shareholding Structure
As of February 2026
Board Of Directors
For the period ending on 18 December 2030
Denny Rizal
Managing Director
He brings over 25 years of experience in the asset management industry, particularly within the natural resources sector.
He currently also serves as the Chairman & President Director of PT Asia Advisors Capital. He has been actively involved in the Capital Market, both as a practitioner and as Chairman, Supervisory Board member, and Advisor in various Capital Market and Investment Associations.
He holds a Master of Business Administration degree from the University of Colorado Denver, United States.
He has affiliations with a member of the Board of Directors of the Company.
Ezra Mohammed Dhanaguna
Director
He has a proven track record in Investment Banking and an expertise as a Financial Consultant. He holds a double bachelor’s degree, in International Business from Bandung Institute of Technology and in Finance and Banking from Rennes School of Business. He has also passed the CFA Level 2 examination.
He currently also serves as a Director of PT Asia Advisors Capital and a Commissioner of PT Asia Investment Capital. Previously, he worked at Mandiri Securities Investment Banking, particularly within the energy, transportation, and infrastructure sectors.
He has affiliations with a member of the Board of Directors of the Company.
Dimas Adiyasa Wiryaatmaja
Director
He received his Bachelor of Economics Majoring in Finance from University of Indonesia in 2013. He has been serving as Director at PT Solusi Environment Asia Tbk (formerly PT Boston Furniture Industries Tbk) since 2020. He has held various positions such as Accounting & Finance Manager (2013-2019) and Finance Staff of PT Satria Agung (2011-2013).
He has no affiliation with other members of the Board of Directors or the Company's Controlling Shareholder.
Reza Muhammad Mandara
Director
He is a certified Project Management Professional (PMP) since 2010, with more than 18 years of experience in project management, project management office (PMO), and project portfolio management across the mining, retail, and e-commerce industries.
He currently serves as PMO Manager at PT Asia Advisors Capital. He previously worked as Business Development Campaign Lead at PT Shopee International Indonesia (2022–2025), PMO Head at PT Erajaya Swasembada Tbk (2015–2021), and PM Specialist at PT Aneka Tambang (Persero) Tbk (2007–2015).
He obtained a Bachelor’s degree in Civil Engineering from Institut Teknologi Bandung (ITB) and is currently pursuing a Master’s degree in Strategic Management at Universitas Pancasila.
He is affiliated with the Company’s Controlling Shareholder.
Board Of Commissioners
For the period ending on 18 December 2030
Dr. Drs. Djoko Hendratto, MBA
President Commissioner (Independent)
He has accumulated over 38 years of experience in Capital Market regulation, Risk Management, and Information Technology engineering, through his service in institutions such as Bapepam-LK (including throughout its transition to the OJK), Bapeksta, Perum Peruri, and Perum Pegadaian.
He previously served as the President Director of the Environmental Fund Management Agency (2021–2023) under the Directorate General of Treasury of the Ministry of Finance, after consecutively holding the positions of Head of the Regional Office for West Java Province and Director of the Investment Management System (2018–2021).
He completed a Doctoral Program in Strategic Management at the University of Indonesia (2017) and a Master of Business Administration program at the University of Colorado Denver, United States (1997).
He is not affiliated with any of the members of the Company’s Board of Directors, Board of Commissioners, Majority and Controlling Shareholders.
Dr. Nuryana Hidayat, ME, ASPM., GRCE
Independent Commissioner
Dr. Nuryana has more than 30 years of experience in Islamic financing schemes, financial structuring, acquisition advisory, bond or sukuk and equity trading in the capital market, as well as risk management.
He currently serves as Member of Risk & Corporate Governance at PT Biro Klasifikasi Indonesia (Persero) since 2025 and as a member of the Sharia Supervisory Board at the following asset management companies: PT MNC Asset Management (since 2019), PT Surya Timur Alam Raya (STAR) Asset Management (since 2019), and PT Pinnacle Persada Investama (since 2022). Previously, he served, among others, as Advisor for Islamic Financing and Structured Finance at PT Indokapital Investama (2016–2022), Independent Commissioner at PT Reliance Manajer Investasi (2020–2025), and Director and CEO at PT Recapital Asset Management (2008–2016).
He obtained both his Doctoral and Master’s degrees in Islamic Economics and Finance from Universitas Trisakti in 2020 and 2008, respectively. He also holds several professional certifications and/or licenses, including the Investment Manager Representative (WMI) certification from OJK and the Sharia Specialist in Capital Market (ASPM) certification from OJK and BNSP.
He has no affiliation with any member of the Board of Directors, Board of Commissioners, or the Company’s Controlling Shareholder.
Prof. Saswinadi Sasmojo, Ph.D
Commissioner
Prof. Saswinadi is a distinguished professor in the field of Chemical Engineering at Institut Teknologi Bandung, with more than 50 years of experience in teaching and research, including in the areas of energy systems studies, greenhouse gas emission reduction, and biomass energy conversion.
He currently remains active as an honorary member of the Engineering Sciences Commission at Akademi Ilmu Pengetahuan Indonesia (AIPI) since 2002 and as an Academic Advisor at Institut Teknologi Del. Previously, he served as Senior Research Advisor at the Center for Energy Policy Studies at Institut Teknologi Bandung, Director at Politeknik Informasi Del, Professor at the Chemical Engineering Study Program of Institut Teknologi Bandung, and Head of the Information System Development Project Team for the Ministry of Finance of the Republic of Indonesia.
He obtained his Doctor of Philosophy (PhD) degree from The Ohio State University, Master of Science degree from the University of Wisconsin–Madison, and Bachelor of Engineering degree from Institut Teknologi Bandung, all in the field of Chemical Engineering.
He is affiliated with a member of the Company’s Board of Directors.
Lusi Amanda, S.E., M.M
Commissioner
Mrs. Lusi has more than 25 years of experience in Accounting, Finance, General Administration, and Operations within the financial industry, particularly in the capital market and pension fund sectors.
She currently serves as Chief Financial Officer at PT Asia Advisors Capital. Previously, she worked, among others, at PT Artha Daya Berdikari (Equitree.id) as General Manager of Finance (2024–2025), PT Seza Consulting as General Manager (2024), and PT Maybank Asset Management as Head of Finance, Accounting, Tax and Purchasing (2015–2022).
She obtained a Master’s degree in Financial Management (2006) and a Bachelor’s degree in Accounting (1999) from Universitas Atma Jaya Jakarta.
She is affiliated with the Company’s Controlling Shareholder.
Audit Committee
For the period ending on 18 December 2030
Dr. Drs. Djoko Hendratto, MBA
Head of Audit Committee
He has accumulated over 38 years of experience in Capital Market regulation, Risk Management, and Information Technology engineering, through his service in institutions such as Bapepam-LK (including throughout its transition to the OJK), Bapeksta, Perum Peruri, and Perum Pegadaian.
He previously served as the President Director of the Environmental Fund Management Agency (2021–2023) under the Directorate General of Treasury of the Ministry of Finance, after consecutively holding the positions of Head of the Regional Office for West Java Province and Director of the Investment Management System (2018–2021).
He completed a Doctoral Program in Strategic Management at the University of Indonesia (2017) and a Master of Business Administration program at the University of Colorado Denver, United States (1997).
He is not affiliated with any of the members of the Company’s Board of Directors, Board of Commissioners, Majority and Controlling Shareholders.
Dr. Nuryana Hidayat, M.E., ASPM, GRCE
Member of Audit Committee
Dr. Nuryana has more than 30 years of experience in Islamic financing schemes, financial structuring, acquisition advisory, bond or sukuk and equity trading in the capital market, as well as risk management.
He currently serves as Member of Risk & Corporate Governance at PT Biro Klasifikasi Indonesia (Persero) since 2025 and as a member of the Sharia Supervisory Board at the following asset management companies: PT MNC Asset Management (since 2019), PT Surya Timur Alam Raya (STAR) Asset Management (since 2019), and PT Pinnacle Persada Investama (since 2022). Previously, he served, among others, as Advisor for Islamic Financing and Structured Finance at PT Indokapital Investama (2016–2022), Independent Commissioner at PT Reliance Manajer Investasi (2020–2025), and Director and CEO at PT Recapital Asset Management (2008–2016).
He obtained both his Doctoral and Master’s degrees in Islamic Economics and Finance from Universitas Trisakti in 2020 and 2008, respectively. He also holds several professional certifications and/or licenses, including the Investment Manager Representative (WMI) certification from OJK and the Sharia Specialist in Capital Market (ASPM) certification from OJK and BNSP.
He has no affiliation with any member of the Board of Directors, Board of Commissioners, or the Company’s Controlling Shareholder.
Bagus Wahyu K., S.E., Ak.
Member of Audit Committee
Mr. Bagus has more than 35 years of professional experience in Accounting & Taxation, Internal Audit, and Business Analysis.
Prior to his appointment at the Company, he spent approximately 30 years at PT Akebono Brake Astra Indonesia, a brake system manufacturing company, where he developed an extensive career across various strategic functions. His most recent position was Internal Audit Department Head (2017–2022). Prior to that, he served as Assistant to the Workshop Department Head (2016–2017), Accounting & Tax Department Head (2010–2016), and Assistant to the Business Analyst Department Head (2005–2010). Earlier in his career, he also worked at Mustofa, Tony & Surjadinata Public Accountant Firm as a Junior Auditor (1990–1992).
He obtained a Bachelor’s degree in Accounting from Brawijaya University and held Registered Accountant Number D-10346.
He has no affiliation with any member of the Company’s Board of Directors, Board of Commissioners, or Controlling Shareholder.
Nomination & Remuneration Committee
For the period ending on 18 December 2030
Dr. Drs. Djoko Hendratto, MBA
Head of Nomination & Remuneration Committee
He has accumulated over 38 years of experience in Capital Market regulation, Risk Management, and Information Technology engineering, through his service in institutions such as Bapepam-LK (including throughout its transition to the OJK), Bapeksta, Perum Peruri, and Perum Pegadaian.
He previously served as the President Director of the Environmental Fund Management Agency (2021–2023) under the Directorate General of Treasury of the Ministry of Finance, after consecutively holding the positions of Head of the Regional Office for West Java Province and Director of the Investment Management System (2018–2021).
He completed a Doctoral Program in Strategic Management at the University of Indonesia (2017) and a Master of Business Administration program at the University of Colorado Denver, United States (1997).
He is not affiliated with any of the members of the Company’s Board of Directors, Board of Commissioners, Majority and Controlling Shareholders.
Dr. Nuryana Hidayat, M.E., ASPM, GRCE
Member of Nomination & Remuneration Committee
Dr. Nuryana has more than 30 years of experience in Islamic financing schemes, financial structuring, acquisition advisory, bond or sukuk and equity trading in the capital market, as well as risk management.
He currently serves as Member of Risk & Corporate Governance at PT Biro Klasifikasi Indonesia (Persero) since 2025 and as a member of the Sharia Supervisory Board at the following asset management companies: PT MNC Asset Management (since 2019), PT Surya Timur Alam Raya (STAR) Asset Management (since 2019), and PT Pinnacle Persada Investama (since 2022). Previously, he served, among others, as Advisor for Islamic Financing and Structured Finance at PT Indokapital Investama (2016–2022), Independent Commissioner at PT Reliance Manajer Investasi (2020–2025), and Director and CEO at PT Recapital Asset Management (2008–2016).
He obtained both his Doctoral and Master’s degrees in Islamic Economics and Finance from Universitas Trisakti in 2020 and 2008, respectively. He also holds several professional certifications and/or licenses, including the Investment Manager Representative (WMI) certification from OJK and the Sharia Specialist in Capital Market (ASPM) certification from OJK and BNSP.
He has no affiliation with any member of the Board of Directors, Board of Commissioners, or the Company’s Controlling Shareholder.
Lusi Amanda, S.E., M.M
Member of Nomination & Remuneration Committee
Mrs. Lusi has more than 25 years of experience in Accounting, Finance, General Administration, and Operations within the financial industry, particularly in the capital market and pension fund sectors.
She currently serves as Chief Financial Officer at PT Asia Advisors Capital. Previously, she worked, among others, at PT Artha Daya Berdikari (Equitree.id) as General Manager of Finance (2024–2025), PT Seza Consulting as General Manager (2024), and PT Maybank Asset Management as Head of Finance, Accounting, Tax and Purchasing (2015–2022).
She obtained a Master’s degree in Financial Management (2006) and a Bachelor’s degree in Accounting (1999) from Universitas Atma Jaya Jakarta.
She is affiliated with the Company’s Controlling Shareholder.
Coorporate Secretary
Since November 2025
Joshua Gerry Mangkubudi
Corporate Secretary
Prior to joining the Company in November 2025, he served as a Corporate Secretary Officer at PT Lippo Cikarang Tbk (“LPCK”), a real estate company, from 2023 to 2025.
He earned his Master’s degree in Diplomacy and International Affairs from Georgetown School of Foreign Service Asia Pacific (Jakarta) in 2025, and his Bachelor’s degree in International Relations from Satya Wacana Christian University (Salatiga) in 2022.
Head of Internal Audit Unit
Since November 2025
Aurora Marwah Dyah
Internal Audit Unit
She earned her bachelor’s degree with Honours in Finance from the University of Hertfordshire in 2018. Prior to her appointment as Head of the Internal Audit Unit at the Company in November 2025, she had been serving as a Consultant at Asia Advisors Capital since 2024, and previously in finance roles at L’Oréal Indonesia, Grab Holdings, and Garuda Indonesia.