Uchumi taps former Nakumatt Exec. Dixon as COO
Listed retailer Uchumi Supermarkets has appointed Andrew Dixon as its chief operating officer (COO) as it continues to tie up its revival plans.
Mr Dixon is no stranger to Kenya’s retailer sector having worked at Nakumatt as the chief marketing officer having come from UK retailing giant Tesco.
The executive however abruptly exited the firm in September in what was seen as a management shakeup.
He joins Uchumi at a time it continues to piece together its recovery process having announced it was closing in on completing a stake sale to an undisclosed strategic investor.
In a letter to the Nairobi Securities Exchange (NSE), Uchumi chief executive officer Julius Kipng’etich confirmed the appointment had been approved by the board following a meeting on Monday.
“Mr Dixon has extensive experience in the retail sector and the board is confident that his expertise will support the ongoing efforts towards achieving a turnaround in the operations and business of the company,” Mr Kipng’etich said.
Uchumi is eyeing up to Sh3.5 billion in capital injection from its strategic investor.
Mr Dixon has over 32 years experience in the retail sector with Uchumi keen to tap his vast knowledge to steer its revival.
Uchumi has been forced to renegotiate supply deals with its major suppliers and even formed a supplier committee to oversee financial management of goods sold.
Uchumi has since 2015 been implementing a multi faceted turnaround strategy to optimize and put the business on a growth path by cutting operating costs and selling non core assets to stay afloat.
For Citizen TV updates
Join @citizentvke Telegram channel
Video Of The Day: Kenya shilling tumbles to lowest level in 6 years