Indonesian state oil and gas company PT Pertamina’s chief executive director Karen Agustiawan is stepping down to take up an academic post at Harvard University in the US, reports said.
Agustiawan will leave on 1 October, the country’s Minister of State for Enterprise Affairs Dahlan Iskan told reporters in Jakarta, according to Dow Jones Newswires.
A successor is to be named by the company soon, the minister added.
Agustiawan has served in the role since 2009, and was re-elected for a second five-year term in the post in March 2013.
The 55-year-old was named by Forbes magazine as one of Asia's 50 most powerful businesswomen in 2011.
Indonesia’s second-largest oil producer after US supermajor Chevron, PT Pertamina’s subsidiaries include domestic producer Pertamina EP as well as local and international upstream arm Pertamina Hulu Energy.