Konga founder confirms stepping down as CEO, appointment as chairman of e-commerce giant

folarin okunola

February 2, 2016 8:48 AM

Shagaya confirmed this in an article he posted on TechCabal titled “Konga and e-commerce here to stay”.

Konga founder and recently appointed Chairman, Sim Shagaya

Konga founder and now chairman, Sim Shagaya, has confirmed reports that he has stepped down as CEO of the e-Commerce giant and will now play a much lesser role in the day-to-day activities of the company.

Shagaya confirmed this in an article he posted on TechCabal titled “Konga and e-commerce here to stay”. The Konga founder explained, in the article, that the slowing economy, the dynamics of consumer behavior in relation to the issues plaguing the Nigerian economy, amongst other factors, informed the decision to step down as CEO.

READ: E-commerce giant to layoff 10% of workforce in restructuring move

The Konga founder further explained that after due consideration and deliberation on the issues plaguing the country and the potential dangers aid issues posed for the company, he was left with the option of staying on to manage the company’s day-to-day operations or prepare it for the implications of what he called “the 4th Industrial Revolution”.

Pulse Tech had reported late last week that Shagaya was stepping down as CEO to take up a broader role at the head of the table as the company’s chairman.

folarin okunola