Sim Shagaya has stepped down as the CEO of ecommerce giant Konga.com, he is now the chairman of the company’s Board of Directors. In his replacement, the company’s Chief Operating Officer, Shola Adekoya, will assume duty as the interim CEO until the board appoints a new one.
TechCabal reported that Sim sent an email to Konga staff informing them of this new development, following his meeting with the company’s investors in Amsterdam. Shagaya said the move is in the company’s best interest and that it will serve to improve Konga’s strategy in the long term.
As the chairman, he will become less involved with running the daily affairs of the company. Instead, he will be focusing on the long term vision and strategy.
Furthermore, Shagaya is expected to be more involved in product development guidance, mentoring the management team and shaping company culture.