Tuskys picks former Uchumi CFO as its new financial controller


Tuskys picks former Uchumi CFO as its new financial controller
Former Uchumi Head of Finance Chadwick Omondi Okumu

In Summary

  • Okumu  has extensive retail experience having worked with Uchumi as its Head of Finance for eight years. Okumu has also previously served in various finance capacities at Reckitt Benchiser and Keroche Breweries.
  • Okumu will be tasked with lifting Tuskys from the edge of the abyss following the onset cash-crunch crisis exposed by supplier non-payments earlier this year.
  • He replaces Daniel Ndiragu who left the supermarket chain on the back end of 2019.

Troubled retailer Tuskys has picked former Uchumi Chief Financial Officer Chadwick Omondi Okumu as its new financial controller as the supermarket looks to steady its wobbly ship.

Okumu replaces Daniel Ndirangu who left the supermarket chain on the back end of 2019.

He has extensive retail experience having worked with Uchumi as its Head of Finance for eight years. Okumu has also previously served in various finance capacities at Reckitt Benchiser and Keroche Breweries.

His time at Uchumi supermarket would however throw him into the public limelight as he was hit with fraud and misconduct allegations.

Having been sacked alongside the then Uchumi Chief Executive Officer Jonathan Ciano, Okumu was arrested in September 2016 over allegations of unscrupulous dealings at the supermarket chain following an audit by KPMG.

Okumu will be tasked with lifting Tuskys from the edge of the abyss following the onset cash-crunch crisis exposed by supplier non-payments earlier this year.

Tuskys is hoping to complete a new Ksh.2 billion debt capital injection from a Mauritius-based private fund to pull away from impending doom as its creditors now threaten to wind up the chain.

Apart from suppliers, the retailer is facing pressure from landlords and staff who are owed arrears running into millions of shillings.

Chadwick Okumu holds a Bachelor of commerce in Accounting and is presently pursuing a Masters of Business Administration (Finance).

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