Twiga Foods Chief Executive Officer(CEO) Peter Njonjo has announced that he is taking a six-month sabbatical to focus on personal matters.
In an announcement published in a local daily, the e-commerce and food distribution company the co-founder of the business-to-business (B2B) marketplace, said after “an intense 2023”, he had decided to take a break from his CEO role.
“I joined Twiga as CEO in 2019 because I had a dream of increasing food security in Africa, starting with my home country of Kenya... I am proud of what we have built at Twiga and the impact that Twiga has had through job creation, the reduction of agricultural waste, and ultimately the reduction of food costs for our people. I have decided to take a break after an intense 2023 from my day-to-day role as CEO to focus on personal matters,” he said.
Further, the company announced that its Chief Operating Officer Laurent Gouault and Chief Financial Officer Zuber Momoniat will be leading the operational, finance & legal functions of the company, respectively, during this period.
Peter Njonjo will remain on the board of directors.
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“The board supports Peter's decision to take a sabbatical and has full confidence in the capabilities of Twiga's recently bolstered senior leadership team. On behalf of the Board of Directors, I thank Peter for his demonstrated commitment in ensuring the completion of Twiga's recent funding round, despite the personal sacrifices required. As the board, we are delighted with Twiga's strong market position, and we look forward to working together with Peter on the business's further growth and development going forward,” the company’s chairman, Hein Pretorius said.
Twiga sources farm produce directly from farmers and delivers it to urban retailers.
The company laid off a third of its staff in August after another round at the close of last year, which saw the company send home 21 percent of its workforce.
The restructuring, the company said, was part of its plan to slash costs by up to 40 percent and achieve what they called a lean, agile, and cost-effective organization.
Njonjo said they invested more in technology to ensure the move wouldn’t affect its strategy.