The immediate former long serving Nakumatt boss Thiagarajan Ramamurthy has been appointed as the new group chief executive officer at Bidco Africa.

Ramamurthy takes over from Vimal Shah who moves on to become the chairman of Bidco Africa.

“Ramamurthy is a business leader with top-level experience and we are delighted to hand him the reins at this time. Bidco is entering a period of exponential growth and he has the right skillset to chart a winning way forward,” said Vimal Shah. “My brother and I will focus on mapping the company’s growth trajectory and identifying the right adjacency for the business. The goal is to become a billion dollar business and to do that we have to grow 4 times. My new role is to figure how to make this happen.”

Ramamurthy will now be tasked with expanding Bidco’s product offering across its markets and overseeing the manufacturer’s operations in eighteen subsidiaries strewn across Africa.

“I am humbled and honoured to have the opportunity to be a part of the Bidco story. This is a company with a rich heritage and a big future. I look forward to delivering the vision and promise of this incredible Kenyan brand,” he said.

Ramamurthy has more than 45 years’ professional experience in business management and leadership in the retail and manufacturing sectors in India and Kenya.

His main strengths are operations, marketing, business development and strategic positioning of the businesses.