Bidco Africa appoints Thiagarajan Ramamurthy as its new CEO
Bidco Africa has appointed Thiagarajan Ramamurthy as the new chief executive officer (CEO) to lead the company.
In a statement, the company announced that former CEO Vimal Shah had become the chairman of Bidco.
“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,” Mr. Shah said in a statement.
On his part, Mr. Ramamurthy said that he was honored to join Bidco and promised to deliver in line with their vision.
“I am humbled and honored to have the opportunity to be a part of the Bidco story....I look forward to delivering on the vision and promise of this incredible Kenyan brand,” Mr. Ramamurthy stated.
The new Bidco CEO was a former director at Nakumatt Holdings and had served there for over a decade before his recent resignation from the retailer.
Mr. Ramamurthy was the face of Nakumatt appearing in numerous media conferences and also marketing the strategies of the company.
Nakumatt announced that his departure was necessary to boost business and appointed Mr. Manoj Singh as the new finance controller, Businessdaily reports.
“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 organization,” said Nakumatt’s MD Atul Shah.
Meanwhile, Nakumatt has been facing major losses attributed to theft in the retailer and harsh operating environment.
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