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Jumia’s board appoints Francis Dufay as CEO

Jumia’s board appoints Francis Dufay as CEO

#e-commerce
The supervisory board of the ecommerce 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. In the statement announcing their removal last year, Jumia’s board alluded to run the company from the continent.

Jumia, the African ecommerce company, has appointed Francis Dufay as CEO following the exit of co-CEOs Jeremy Hodara and Sacha Poignonnec. Dufay had been acting CEO since their departure and joined Jumia in 2014, becoming a vice president of the business in 2022. While the company is still not profitable, its recently released report for Q4 2022 and the full year 2022 showed that it is making progress towards this goal. Jumia predicts it will lose $100-120m in 2023, around half of its losses for 2022. Dufay said the company was focused on improving its fundamentals and reducing its EBITDA losses.


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