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Indonesia’s Gudang Garam Names Wonowidjojo as Chief (Update2) 

PT Gudang Garam named Susilo Wonowidjojo president today, as the second-largest cigarette maker in Indonesia battles with British American Tobacco Plc for market share.

Wonowidjojo replaced Djajusman Surjowijono, who resigned in February, Gudang Garam said today in a statement given out to reporters in Kediri, East Java.

The replacement comes as overseas rivals expand in the nation with the largest number of smokers after China and India. Companies including BAT and Philip Morris International Inc. are drawn to a market where tobacco companies are free to woo smokers by advertising and sponsoring sporting events as anti- smoking laws get stricter at home. Gudang Garam’s first-quarter profit more than doubled to a record, helped by cost-cutting.

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