Jeremy Hodara and Sacha Poignonnec step down as Jumia co-CEOs • TechCrunch

African e-commerce big Jumia has made a brand new change in administration as co-founders Jeremy Hodara and Sacha Poignonnec step down efficient at the moment as co-CEOs, in response to a press release seen by TechCrunch.

The 2 founders, who share the chief govt function, have been on the helm of Africa’s solely publicly traded firm for over a decade, overseeing Jumia’s pan-African growth throughout 11 nations in addition to its product journey that now features a market, JumiaPay, its fee arm and a logistic platform.

Francis Dufay, who beforehand held the CEO function at considered one of Jumia’s fledging markets, Ivory Coast, will now substitute each co-founders as performing CEO, the corporate’s Supervisory Board stated within the assertion. Dufay has been with Jumia since 2014, holding a number of senior management roles, extra not too long ago Govt, VP, Africa, answerable for the group’s e-commerce enterprise throughout the continent.

In keeping with the Supervisory Board, Dufay and Antoine Maillet-Mezeray — beforehand Jumia’s Group Chief Monetary Officer — have been appointed members of the corporate’s Administration Board. Maillet-Mezeray, having stayed with Jumia for over six years and driving the corporate’s finance perform and “additional creating it in a public market context,” has earned a promotion too: Govt Vice President, Finance & Operations.

“We thank Jeremy and Sacha for his or her management over the past decade to check and construct an organization that turned the main pan-African e-commerce participant,” Jonathan Klein, Chairman of the Supervisory Board, stated of the announcement. “As we sit up for the following chapter of Jumia’s journey, we need to carry extra focus to the core e-commerce enterprise as a part of a extra simplified and environment friendly group with stronger fundamentals and a clearer path to profitability. We look ahead to working intently with Francis, Antoine and the management crew to execute on these targets and proceed on our mission of providing a compelling e-commerce platform to shoppers, sellers and the broader Jumia ecosystem in Africa.”

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