Golden Energy and Resources Limited announced redesignation of Mr. Fuganto Widjaja from Group Chief Executive Officer to the Executive Chairman be/was recommended by the Nominating Committee and the Board has accepted the recommendation, after taking consideration Mr. Widjaja's qualifications, expertise, past experiences and overall contribution since he was appointed as a Director of the Company. Executive Mr. Widjaja is responsible to overseeing the overall management, operations, strategic planning and business development of the Group.