Nadiem Makarim, founder and CEO of Gojek, mentioned on Monday he has stepped down from his function on the ride-hailing startup to join Indonesia president Joko Widodo’s cupboard.

The announcement, which has taken many abruptly, comes a day after Widodo was sworn in for a second time period. Widodo has beforehand mentioned that he desires younger enterprise executives to join his cupboard.

In an announcement, a Gojek spokesperson instructed Techthat Andre Soelistyo, Gojek Group President and Kevin Aluwi, Gojek co-founder, are taking up as co-CEOs of the startup.

“We are very proud that our founder will play such a significant role in moving Indonesia onto the global stage. It is unprecedented for a passionate local founder’s vision to be recognized as a model that can be up-scaled to help the development of an entire country,” the spokesperson mentioned.

“We have planned for this possibility and there will be no disruption to our business. We will make an announcement on what this news means for Gojek within the next few days. We respect the process set out by the President and will not make a further comment until there is an official announcement from the Palace,” the spokesperson added.

Makarim mentioned he was honored that the president had requested him to join his cupboard as a minister. He didn’t reveal which place he would maintain, however an announcement from Widodo is anticipated later this week. “I am very happy to be here today as it shows we are ready for innovation and to move forward,” he instructed reporters.

Makarim based Gojek in 2010 as a two-wheeler hailing service. The startup has since expanded to embrace a spread of providers together with cell funds, meals supply, on-line purchasing and most not too long ago on-demand video streaming.

The startup has amassed greater than 2 million driver companions and 400,000 retailers on its platform. Gojek was valued at nearly $10 billion in its most up-to-date financing spherical. The firm, which operates in Singapore, Vietnam, and Thailand, clocked gross transaction value $9 billion final 12 months.

Makarim comes from a distinguished Indonesian household: His dad and mom are anti-corruption activist, whereas his grandfather is an independence hero.

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