The supervisory board of the e-commerce company, Jumia, has now appointed Francis Dufay as the company’s CEO.
Dufay was announced as the acting CEO after the exit of Jeremy Hodara and Sacha Poginonnec as Co-CEOs.
The exit of both CEOs came after a decade where Jumia was pressed to move towards profitability and was unable to.
Jumia says the executive search that was being conducted has now been concluded.
The appointment reflects the Board's strong confidence in Francis's leadership and ability to scale the business to profitability successfully.