In a surprising development earlier this year, Takealot announced that its CEO and founder, Kim Reid is stepping down from the role.
However, Reid is not leaving Takealot completely but will be the chairman instead.
Mamongae Mahlare will take over as the Chief Executive of Takealot.
During an interview with Kim Reid, he had the following to say:
“It’s been 18 months full of ups and downs. Things started pumping [in May 2020] and going relatively strongly ever since. We’ve been going for 10 years. We started with 25 people. Today we’re at close to 4000 people employed in the company. We have 15 000 drivers. We’ve enabled roughly 4500 sellers. We went from nothing in April [2020] to volumes we’ve never seen in the business in May. Operationally, we’re in a good space. We’ve built a good executive team. Mamongae is a fantastic executive. She’s going to have to learn lots. We’ve got a lot of growth still left in the country. I’ll be focussing on growth. There’s definitely an African ambition. We’ll look at Africa as soon as we’re doing what we should be doing in this country. As we enable sellers we’re creating jobs. We need investment in this country. We have a long way to go still.”
Sources: Tech Central, MSN
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