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

African e-commerce large Jumia has made a brand new change in administration as co-founders Jeremy Hodara and Sacha Poignonnec step down efficient at this time as co-CEOs, based on an announcement seen by TechCrunch.

The 2 founders, who share the chief government 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 cost arm and a logistic platform.

Francis Dufay, who beforehand held the CEO function at one among Jumia’s fledging markets, Ivory Coast, will now exchange each co-founders as performing CEO, the corporate’s Supervisory Board mentioned within the assertion. Dufay has been with Jumia since 2014, holding a number of senior management roles, extra just lately Government, VP, Africa, accountable for the group’s e-commerce enterprise throughout the continent.

Based on 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 growing it in a public market context,” has earned a promotion too: Government Vice President, Finance & Operations.

“We thank Jeremy and Sacha for his or her management during the last decade to examine and construct an organization that turned the main pan-African e-commerce participant,” Jonathan Klein, Chairman of the Supervisory Board, mentioned of the announcement. “As we sit up for the subsequent chapter of Jumia’s journey, we wish to deliver 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 stay up for working intently with Francis, Antoine and the management crew to execute on these aims and proceed on our mission of providing a compelling e-commerce platform to customers, sellers and the broader Jumia ecosystem in Africa.”

This can be a growing story…