Jumia Technologies Begins Search For Permanent CEO As Co-CEO's Step Down

Jumia Technologies Begins Search For Permanent CEO As Co-CEO's Step Down
  • Jumia Technologies AG JMIA said Jeremy Hodara and Sacha Poignonnec, Co-Chief Executive Officers, will be stepping down effective November 7.
  • The company’s supervisory board has appointed Francis Dufay and Antoine Maillet-Mezeray as members of Jumia’s management board.
  • Francis Dufay has also been appointed as the acting CEO.
  • He has been with the company since 2014 and has held multiple senior leadership roles, including CEO of Ivory Coast and recently Executive Vice President Africa.
  •  In parallel, a search for a permanent CEO is ongoing.
  • Price Action: JMIA shares are trading lower by 13.67% at $4.23 on the last check Monday.
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