Sinar Mas Executive and Leadership Team

October, 2026

Leadership Overview

Sinar Mas has 10 executives leading key functions including property development, strategic analytics, infrastructure management, and financial investment.

Focused on sustainable urban growth, Sinar Mas delivers high-quality real estate solutions across Indonesia while driving long-term value through integrated property development and infrastructure innovation.

Leadership Roles at Sinar Mas

  • Chief Executive Officer - Theodore Thenoch
  • Vice President, Strategy & Group Chief Executive Officer, Analytics Office - Rymax Joehana
  • DG Chief Executive Officer INVITE Office - Diar Utomo
  • Group Chief Executive Officer Office - Vera Rahardja
  • Chief Executive Officer, Golden Ace (Infrastructure, Mining Energy & Consumer) - Gerard Chan
  • Deputy Group Chief Executive Officer Office - Jackelyne Theonardo
  • Vice President, Group Chief Executive Officer Office - Stella Rajagukguk
  • Chief Financial Officer, Investment International Technology & Emerging Business - Chandra Dewi
  • Chief Information Officer - Stefanus Mulianto
  • Merketing - Jati Sentul
  • Theodore Thenoch - Chief Executive Officer

    Theodore Thenoch, the Chief Executive Officer at Sinar Mas, directs the overarching property and real estate development strategy. Overseeing large-scale urban projects, the Chief Executive Officer ensures alignment with regional growth targets across Indonesia. This leadership role involves managing complex land acquisition processes and coordinating with stakeholders to maintain market dominance. By optimizing operational efficiency within the development portfolio, Theodore Thenoch directly impacts the company's ability to deliver high-value residential and commercial spaces. Thenoch maintains rigorous standards for project execution, ensuring that every development meets modern sustainability benchmarks. Through constant evaluation of market trends, the Chief Executive Officer secures the competitive positioning of the firm in the competitive Indonesian real estate sector, fostering long-term growth and stability for the entire organization.

    Rymax Joehana - Vice President, Strategy & Group Chief Executive Officer, Analytics Office

    Rymax Joehana, the Vice President, Strategy & Group Chief Executive Officer, Analytics Office at Sinar Mas, architects data-driven frameworks to guide corporate decision-making. Managing the analytics division, the Vice President, Strategy & Group Chief Executive Officer, Analytics Office translates complex market data into actionable insights for property development. This role involves identifying emerging real estate opportunities and assessing risk profiles for new investments. By leveraging advanced modeling techniques, Rymax Joehana enhances the precision of capital allocation across the group. Joehana collaborates with executive leadership to refine long-term strategic goals, ensuring that data remains at the core of every business expansion. Through the implementation of robust analytical tools, the Vice President, Strategy & Group Chief Executive Officer, Analytics Office drives operational excellence and supports the company's mission to lead the Indonesian property market through informed, evidence-based planning.

    Diar Utomo - DG Chief Executive Officer INVITE Office

    Diar Utomo, the DG Chief Executive Officer INVITE Office at Sinar Mas, manages specialized investment initiatives and external partnership development. Overseeing the INVITE office, the DG Chief Executive Officer INVITE Office facilitates cross-sector collaborations that bolster the company's real estate footprint. This leadership function involves cultivating relationships with international investors and local stakeholders to secure project funding. By streamlining communication channels, Diar Utomo ensures that strategic objectives remain transparent and achievable. Utomo directs the integration of new business ventures into the existing property portfolio, maximizing synergy across diverse operational units. Through the careful management of external engagements, the DG Chief Executive Officer INVITE Office strengthens the market presence of the firm. Utomo consistently drives growth by identifying unique opportunities for expansion, ensuring that the company remains at the forefront of the Indonesian real estate industry.

    Vera Rahardja - Group Chief Executive Officer Office

    Vera Rahardja, the Group Chief Executive Officer Office at Sinar Mas, coordinates executive operations and ensures the seamless execution of corporate mandates. Managing the daily workflow of the leadership team, the Group Chief Executive Officer Office facilitates communication between departments to maintain organizational alignment. This role involves overseeing administrative efficiency and supporting the implementation of company-wide policies. By streamlining internal processes, Vera Rahardja enables the leadership team to focus on high-level strategic growth and property development goals. Rahardja monitors project timelines and resource allocation, ensuring that all business units operate within the established framework. Through the effective management of executive priorities, the Group Chief Executive Officer Office supports the overall mission of the firm. Rahardja drives operational consistency, ensuring that the company maintains its reputation for excellence in the competitive real estate landscape.

    Gerard Chan - Chief Executive Officer, Golden Ace (Infrastructure, Mining Energy & Consumer)

    Gerard Chan, the Chief Executive Officer, Golden Ace (Infrastructure, Mining Energy & Consumer) at Sinar Mas, directs the expansion of infrastructure and energy assets. Overseeing diverse operational sectors, the Chief Executive Officer, Golden Ace (Infrastructure, Mining Energy & Consumer) ensures that energy and mining projects support the broader real estate development mission. This role involves managing large-scale capital projects and optimizing supply chain logistics across the region. By integrating infrastructure development with property growth, Gerard Chan creates sustainable value for the entire group. Chan coordinates with technical teams to implement innovative energy solutions, enhancing the efficiency of company assets. Through the strategic oversight of these critical sectors, the Chief Executive Officer, Golden Ace (Infrastructure, Mining Energy & Consumer) drives revenue diversification. Chan ensures that all infrastructure initiatives align with the long-term vision of the firm, fostering robust growth across the Indonesian market.

    Jackelyne Theonardo - Deputy Group Chief Executive Officer Office

    Jackelyne Theonardo, the Deputy Group Chief Executive Officer Office at Sinar Mas, supports the executive leadership in driving organizational performance and strategic initiatives. Managing key operational projects, the Deputy Group Chief Executive Officer Office ensures that departmental goals align with the overarching corporate strategy. This role involves monitoring performance metrics and identifying areas for process improvement within the property development division. By facilitating cross-functional cooperation, Jackelyne Theonardo enhances the agility of the organization. Theonardo assists in the development of long-term business plans, ensuring that the company remains responsive to shifting market conditions. Through the rigorous oversight of operational workflows, the Deputy Group Chief Executive Officer Office supports the firm's commitment to excellence. Theonardo drives efficiency and accountability, ensuring that the company continues to deliver high-quality real estate solutions while maintaining a strong competitive position in the Indonesian market.

    Stella Rajagukguk - Vice President, Group Chief Executive Officer Office

    Stella Rajagukguk, the Vice President, Group Chief Executive Officer Office at Sinar Mas, manages executive communications and strategic project oversight. Overseeing the coordination of high-level initiatives, the Vice President, Group Chief Executive Officer Office ensures that leadership decisions are effectively implemented across all business units. This role involves managing stakeholder relations and preparing critical reports for the board. By streamlining the flow of information, Stella Rajagukguk enables the executive team to make rapid, informed decisions regarding property development and investment. Rajagukguk monitors the progress of key projects, ensuring that all milestones are met within the designated timeframes. Through the effective management of executive office functions, the Vice President, Group Chief Executive Officer Office supports the company's mission to maintain its leadership status. Rajagukguk drives organizational alignment, ensuring that every department contributes to the long-term success and growth of the firm.

    Chandra Dewi - Chief Financial Officer, Investment International Technology & Emerging Business

    Chandra Dewi, the Chief Financial Officer, Investment International Technology & Emerging Business at Sinar Mas, directs the financial strategy for international investments and emerging technology ventures. Managing the capital structure for these high-growth areas, the Chief Financial Officer, Investment International Technology & Emerging Business ensures that financial resources are allocated to maximize returns. This role involves conducting rigorous financial analysis and risk assessment for new business opportunities. By optimizing the investment portfolio, Chandra Dewi supports the company's expansion into new markets and technological sectors. Dewi collaborates with the board to ensure financial transparency and long-term fiscal health. Through the careful management of international investments, the Chief Financial Officer, Investment International Technology & Emerging Business drives revenue growth. Dewi ensures that all financial activities align with the strategic goals of the firm, fostering sustainable development and long-term value creation for the organization.

    Stefanus Mulianto - Chief Information Officer

    Stefanus Mulianto, the Chief Information Officer at Sinar Mas, architects the digital infrastructure necessary for modern property management and development. Overseeing the IT department, the Chief Information Officer ensures that data security and technological innovation support the company's real estate operations. This role involves implementing scalable cloud solutions and digital platforms that enhance customer engagement. By modernizing internal systems, Stefanus Mulianto improves operational efficiency and data accessibility across the organization. Mulianto collaborates with other C-suite leaders to integrate technology into the core business model, ensuring that the firm remains at the cutting edge of the industry. Through the strategic deployment of IT resources, the Chief Information Officer drives digital transformation. Mulianto secures the technological foundation of the company, ensuring that all digital assets remain protected while supporting the firm's mission to deliver innovative real estate solutions.
    Stefanus Mulianto

    Jati Sentul - Merketing

    Jati Sentul, the Merketing at Sinar Mas, directs the brand strategy and market positioning for all property developments. Overseeing the marketing department, the Merketing ensures that the company's real estate offerings reach the target audience effectively. This role involves developing comprehensive campaigns that highlight the value and quality of the firm's residential and commercial projects. By analyzing consumer behavior and market trends, Jati Sentul optimizes the promotional strategy to increase brand awareness. Sentul collaborates with the sales team to drive lead generation and conversion rates. Through the implementation of innovative marketing tactics, the Merketing strengthens the market presence of the firm. Sentul consistently monitors the impact of marketing efforts, ensuring that the company maintains its reputation as a leader in the Indonesian real estate sector. The Merketing drives growth by connecting the company's vision with the needs of the modern property market.

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    Frequently Asked Questions Regarding Sinar Mas Top Executives and Leadership Team

    Who leads Sinar Mas?
    Sinar Mas is led by Theodore Thenoch (Chief Executive Officer), along with executives such as Rymax Joehana (Vice President, Strategy & Group Chief Executive Officer, Analytics Office) and Diar Utomo (DG Chief Executive Officer INVITE Office).
    Who is part of Sinar Mas’s executive team?
    The executive team of Sinar Mas includes leaders such as Theodore Thenoch (Chief Executive Officer), Rymax Joehana (Vice President, Strategy & Group Chief Executive Officer, Analytics Office), Diar Utomo (DG Chief Executive Officer INVITE Office) and other senior executives.
    How many executives does Sinar Mas have?
    Sinar Mas has 10 executives leading key business areas.
    What roles are included in Sinar Mas’s leadership team?
    The leadership team of Sinar Mas includes roles such as Chief Executive Officer, Vice President, Strategy & Group Chief Executive Officer, Analytics Office, DG Chief Executive Officer INVITE Office, Group Chief Executive Officer Office, Chief Executive Officer, Golden Ace (Infrastructure, Mining Energy & Consumer).