Francis Dufay, who previously held the CEO role at one of Jumia’s fledging markets, Ivory Coast, has taken over as Jumia’s action CEO after co-founders Jeremy Hodara and Sacha Poignonnec stepped down as co-CEOs.
Francis Dufay has been with Jumia since 2014, holding multiple senior leadership roles, more recently, executive VP Africa, responsible for the group’s e-commerce business across the continent.
The two founders, who until today shared the chief executive role, have been at the helm of Africa’s only publicly traded company on the NYSE for over a decade, overseeing Jumia’s pan-African expansion across 11 countries as well as its product journey that now includes a marketplace, JumiaPay, its payment arm and a logistics platform.
Under the previous management, Jumia never turned a profitable quarter since it went public in 2019.
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