Jumia Group has announced the appointment of its former Chief Executive Officer (CEO), Juliet Anammah as the new Chairwoman, Jumia Nigeria and Head of Institutional Affairs across Africa.
In the same vein, Massimiliano Spalazzi was appointed to replace Anammah as the new CEO, Jumia Nigeria.
The appointment was announced by Jumia Group’s co-CEO and co-founder, Jeremy Hodara during the company’s press conference held in Lagos.
Spalazzi, who will retain his current designation as Executive Vice President, Marketplace (formerly Kaymu) for Jumia Group, joined the company in 2012 as the head of its online marketplace. He also served as CEO for Jumia Emerging Countries between January 2015 – January 2019 and CEO Jumia market from January 2015 – September 2017.
Speaking about the appointment, Hodara says it’s a sign of growth that comes with working for a company like Jumia. He expects more of such promotions from within the company.
[READ MORE: Jumia shuts down operation in Rwanda)
Jumia’s hurdles: Jumia faced some challenges in 2019, which led to the shutting down of Jumia Travel in Nigeria and Jumia Food in Rwanda. Nairametrics also reported when Jumia shut down its operations in Cameroon and Tanzania, citing low performance in those markets.
While commenting on some of the hurdles faced by the company, Hodara stated that Jumia had grown stronger.
“We tried many opportunities and strategies. We take a lot of time to invest in a lot of things we do. Challenges are the ability to grow new talents and sustain the business. Jumia is not positioned to be the only e-commerce company but to be the best in the space. Jumia is pledging to continuously improve in order to satisfy our customers and explore e-commerce potential. We are here to stay,” he said.
Plans for 2020: As one of its strategies to drive business growth in Nigeria this year, the company is reportedly relying on the increased usage of its payment platform, Jumia Pay.
According to the new CEO, Jumia also plans to focus on over 10,000 vendor partners in Nigeria to strengthen their relationship with consumers and offer them value-added services that will make them further grow their business.
In the area of logistics, Spalazzi said Jumia would continue to work with and grow the best logistics companies in the county in 2020, in addition to offering training that would boost growth opportunities.
Buhari appoints 2 new deputy commissioners for NAICOM
This was disclosed in a statement by NAICOM’s Commissioner for Insurance Directorate.
President Muhammadu Buhari on Monday appointed Alhaji Sabiu Abubakar and Mr. Oba Oluniyi as two new Deputy Commissioners of the National Insurance Commission (NAICOM). This was disclosed in a statement by NAICOM’s Commissioner for Insurance Directorate, Mr. Rasaaq Salami.
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Salami disclosed that Abubakar would be Deputy Commissioner for the Technical, while Oluniyi would assist with the running of the Finance and Administration (F&A) also Department.
NAICOM said that the appointments of the 2 new Deputy Commissioners would be effective from the 17th of July, and they will both serve as Deputy Commissioners for five years.
More details shortly…
Dangote Cement Plc. appoints Ms. Berlina Moroole as non-Executive Director
Ms. Moroole was previously CRO and Chief Audit Executive for Liberty Holding Group.
Dangote Cement Plc has announced the appointment of Ms. Berlina Moroole to its Board as a Non-Executive Director, subject to approval at the next Annual General Meeting.
In a statement issued by the company and sent to the Nigerian Stock Exchange, stated that “Ms. Moroole is the Chief Internal Audit, Risk and Sustainability Officer for Motus Holding, in the Board of Assupol (Audit Committee – Chair, Risk Committee and Social & Ethnic Committee – Chair) and M-sure.”
Ms. Moroole was previously CRO and Chief Audit Executive for Liberty Holding Group, Board member of a schedule 3 public entity in South Africa (Legal Aids South Africa) and an Audit Advisory Committee member for one of the United Nation agencies (UNFPA). “She is also a former Group CRO and CAE of a listed entity, Partner at Deloitte, Senior Manager for SARS internal audit department and internal auditor at CSIR Corporate Audit Services,” the disclosure revealed.
Recall that just late last year in November, Asue Ighodalo, Thabo Mabe, Halima Aliko Dangote, Olakunle Alake, Arnold Ekpe, and Yabawa Lawan Wabi (MNI) all stepped down from the board causing a massive shakeup. Four new directors had, however, been swiftly appointed.
The company recently released H1 2020 unaudited result for the period revealing a profit of N126.14 billion, against N119.24 billion recorded H1 of 2019. Its revenue had revealed a marginal 2% increase as it earned N476.85 billion for the period ended June 2020 while in 2019, its revenue stood at N467.73billion.
The company’s most recent share price as at today is N134.20. Its price-to-earnings ratio stood at 10.97 while its price-to-book ratio stood at 3.1347.
Cadbury Nigeria Plc appoints Adedotun Sulaiman as new board chairman
Mr. Sulaiman, has almost 40-years experience in strategic plan development.
Cadbury Nigeria Plc on Thursday announced the appointment of Mr. Adedotun Sulaiman (MFR), as the new Chairman of its Board of Directors, effective immediately.
Sulaimon replaces Mr Atedo Peterside who stepped down as Board chairman on 30th June 2020.
This announcement was contained in a statement issued by Mr. Frederick Mordi, the Company’s Corporate Communications and Government Affairs Manager for West Africa.
Mr. Sulaiman, has almost 40-years experience in strategic plan development, organisation design, human resource management, technology planning and process re-engineering.
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The renowned management and strategy consultant was first appointed into the Board of Cadbury Nigeria Plc as a Non-Executive Director in August 2009.
He had served as a Country Managing Director and Chairman of Accenture Nigeria, and he currently sits on and/or chairs the board of several companies and not-for-profit organisations such as ABSA Nigeria Plc, Interswitch Limited, Cornerstone Insurance Plc, The Corona Schools Trust, and Greensprings Schools.
He is also Vice-Chairman of the University of Lagos Advancement Board, and Chairman of the Financial Reporting Council of Nigeria (FRCN).
Speaking on his appointment, Managing Director, Cadbury Nigeria Mrs. Oyeyimika Adeboye said, “Mr. Sulaiman’s professional track record of excellence in the private sector and strong commitment to corporate governance principles, make him a natural fit for the role.
“He brings on board, his integrity, wealth of experience, and exemplary leadership style that have made him one of the most respected business leaders in Nigeria today. We are delighted to have Mr. Sulaiman as our new Chairman.”
As Nairametrics previously reported, Mr. Atedo Peterside stepped down from his position as Chairman of the board effective 30th June 2020, in order to concentrate on other interests. He joined the board in 2009 as a Director, and had served on the board as chairman for a decade.