The founder of e-commerce firm Konga.com, Sim Shagaya has stepped down as its CEO. He is now the chairman of the company’s Board of Directors.
In his replacement, the company’s Chief Operating Officer, Shola Adekoya, will assume duty as the interim CEO until the board appoints a new one.
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TechCabal reported that Sim sent an email to Konga staff informing them of this new development, following his meeting with the company’s investors in Amsterdam. Shagaya said the move is in the company’s best interest and that it will serve to improve Konga’s strategy in the long term.
As the chairman, he will become less involved with running the daily affairs of the company. He will reportedly be focusing on the long term vision and strategy.