The long-serving Nakumatt Supermarket director Thiagarajan Ramamurthy has left the retailer.
The director, who was always seen as the public face of Nakumatt left a few months before a major shake-up that will see the introduction of a new strategic investor.
“The departure of Mr Ramamurthy comes at a defining moment in the history of Nakumatt and we sincerely wish to extend our gratitude for his service to this organisation,” said Nakumatt’s managing director Atul Shah.
Nakumatt is currently facing a mountain of debt that has becoming a hindrance to smooth operations. It’s gross debt more than tripled to Sh. 15 billion in February 2015 from Sh. 4.2 billion in 2011.
“The management programme to be undertaken through the next few months will feature further enhancements on the firm’s C-suite and regional operations management teams,”
he added.
Nakumatt also announced the appointment of Mr Manoj Singh as the new finance controller – He joins Nakumatt from a leading West African Retail Business firm — Melcom Group. Recently the retailer appointed Andrew Dixon as its chief marketing officer.
The retailer also appointed Srihari Vemula as the Chief Operations Manager from the Oman-based Khimji Ramdas (KR) Group. Mr Manoj Singh is now the new Group Financial Controller while in Uganda, Bernard Mutua and Sameer Shah will continue serving as the joint Country Managers. In Tanzania, Daniel Kimweli and Srinivasan Suresh will continue serving as the joint Country Managers while in Rwanda Mr Adan Ramata will continue serving as the Country Manager.
