JMIA - Jumia Technologies names Francis Dufay as Acting CEO after Co-CEOs exit

• Jumia Technologies' ( NYSE: JMIA ) Co-CEOs Jeremy Hodara and Sacha Poignonnec have stepped down with immediate effect, t he e-commerce company announced Monday.
• The leadership change brings company's internal member Francis Dufay to take the helm in the role of Acting CEO.
• Dufay has been with Jumia since 2014 and has held multiple senior leadership roles including CEO of Ivory Coast and EVP Africa with responsibility for the group's e-commerce business across Africa, Jumia told.
• Group's CFO Antoine Maillet-Mezeray is now been promoted to Executive Vice President, Finance & Operations.
• "As we look ahead to the next chapter of Jumia's journey, we want to bring more focus to the core e-commerce business as part of a more simplified and efficient organization with stronger fundamentals and a clearer path to profitability," commented Chairman Jonathan Klein.
• The company plans to provide additional information in its Q3 earnings call scheduled for Nov. 17.
• JMIA shares are down 5.51% on Monday.

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