Mobile-8 to Replace President, Executives, People Say

Feb. 19 (Bloomberg) -- PT Mobile-8 Telecom, Indonesia's worst-performing telecommunications stock, will replace its president and two executives next month after failing to meet subscriber targets, two people familiar with the plan said.

Wityasmoro Sih Handayanto, head of parent PT Global Mediacom's information-technology division, will succeed Hidajat Tjandradjaja as president at the annual meeting, said the people, who asked not to be identified before an official announcement. Merza Fachys, Mobile-8's director in charge of corporate affairs, declined to confirm or deny the changes. [more, bloomberg]