The struggling retail store Tuskys has appointed Chadwick Okumu as the new financial controller to assist the company to manage its limited finances. He takes over from Daniel Ndirangu who left the role in late 2019. Okumu is well versed in the retail industry having worked at Uchumi as the Chief Finance Officer for eight years. Additionally, he previously worked in the finance department at Keroche Breweries and at Reckitt Benckiser.
In 2016, Mr. Okumu, alongside other Uchumi directors at the time were prohibited from holding office in any public listed company for two years following accusations of “gross misconduct and negligence”. Nonetheless, in 2018, the High Court reversed the ruling, giving reprieve to the former Uchumi executive.
Okumu is expected to help the debt-ridden supermarket chain regain its financial footing. The company’s shareholders recently approved a KSh 2 Billion credit deal from a Mauritius based fund.
