Sim Shagaya has stepped down from his role as CEO of Konga and has now been appointed as the new chairman by the Board of Directors. Current COO, Shola Adekoya, will take over as the interim CEO until the board appoints a new one.
Sim sent an email to Konga staff informing them of this new development, following his meeting with the company’s investors in Amsterdam. He explained that the move is in the company’s best interest and that it will serve to improve Konga’s strategy in the long term.
Sim’s new role will see him become less involved with running the daily affairs of the company. He will be focusing on the long term vision and strategy. He will also be more involved in product development guidance, mentoring the management team and shaping company culture.
Sim Shagaya founded Konga in 2012 and the ecommerce startup has since grown to become one of the largest online marketplaces in Africa.