JUMIA co-founders and co-CEOs Jeremy Hodara and Sacha Poignonnec have stepped down from the company after running the organisation for almost a decade.
Both men Hodara and Poignonnec achieved a lot with the company as it become Africa’s only publicly traded company on the NYSE for over a decade. They also introduced new products within the company such as the logistics platform and JumiaPay, its payment division.
“We thank Jeremy and Sacha for their leadership over the last decade to envision and build a company that became the leading pan-African e-commerce player,” Jonathan Klein, chairman of the Supervisory Board, said of the announcement.
“As we look ahead to the next chapter of Jumia’s journey, we want to bring more focus to the core e-commerce business as part of a more simplified and efficient organization with stronger fundamentals and a clearer path to profitability. We look forward to working closely with Francis, Antoine and the leadership team to execute these objectives and continue our mission of offering a compelling e-commerce platform to consumers, sellers and the broader Jumia ecosystem in Africa.”
Both gentlemen are proud of their achievements at the Africa e-commerce platform as they’re about to go after their next venture.
“We are proud to have built Jumia, pioneering e-commerce on the continent and creating along the way a unique culture and a great platform in which millions of consumers and thousands of sellers find great value,” said Jeremy Hodara and Sacha Poignonnec on their exit.
“It is time for us to pass the baton to a new team. We are excited for all that is to come for the business and look forward to cheering the company on from a new vantage point.”
