Konga Shake-Up: E-commerce Giant Announces New CEO Amidst Leadership Change!

Published 1 day ago2 minute read
Konga Shake-Up: E-commerce Giant Announces New CEO Amidst Leadership Change!

Shola Adekoya, the Chief Executive Officer of Konga, has announced his departure from the company. The news was made public through his tweet on March 28, 2018, where he wished his successor, Nick, and Konga all the best as he joined the Konga Alumni. Adekoya did not explicitly state the specific reasons for his departure or fully elaborate on his successor in his public statement.

However, it has been reported that the newly appointed CEO is Nick Imudia, who was previously the Regional Director for TCL/Alcatel, overseeing operations in Nigeria and Central Africa. Prior to that, Mr. Imudia served as the Managing Director of Nokia in West and Central Africa. Imudia is set to assume his new role on April 3, 2018, with a clear mandate to establish Konga as the leading e-Commerce company in Africa.

This leadership transition follows Konga's recent acquisition by the Zinox Group, a prominent Original Equipment Manufacturer (OEM). The acquisition deal was finalized after several months of negotiations between Zinox and Konga’s primary shareholders, Naspers and Kinnevik. It remains unclear whether the change in leadership was an integral part of this acquisition agreement.

In addition to the CEO change, Konga also recently appointed Olusiji Ayodele Ijogun, a corporate guru, as the company's Chairman.

Shola Adekoya brings extensive experience to his professional background, with over 17 years in business and management across diverse sectors including finance, telecom, logistics, retail, and transportation in both Europe and Africa. Before joining Konga.com, Mr. Adekoya was responsible for financial planning and budgeting at Etisalat Nigeria. His earlier career included working for Vodafone Group, where he contributed to developing Internet and Data strategies across eight European countries.

Adekoya first joined Konga Online Shopping Limited in 2013 as the Chief Financial Officer (CFO). He later advanced to the position of Chief Operating Officer. He began leading Konga.com in an acting capacity in January 2016, after the founder, Sim Shagaya, stepped down to become the chairman of the board. Despite a search for a permanent replacement, Adekoya continued to serve in the leadership capacity until his recent departure.

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