Struggling retail store Tuskys has appointed Chadwick Okumu as the new financial controller to assist the crumbling company manage its dimmed finances.
Okumu who is a former Uchumi Chief Financial Officer Succeeds Daniel Ndirangu who left the role in late 2019 but stayed on to serve his notice period until July 2020
Having worked for Uchumi for a period of 8 years and also in the finance department at Keroche Breweries and at Reckitt Benckiser, Okumu is well versed in the retail industry.
He, however, has a dainted past after being shamefully dismissed in 2015 alongside the then Uchumi Chief Executive Officer Jonathan Ciano over allegations of “gross misconduct and gross negligence.”
In 2016, Okumu, alongside the other Uchumi directors at the time were prohibited from holding office in any public listed company for two years following the accusations. Nonetheless, in 2018, the High Court reversed the ruling, giving reprieve to the former Uchumi executive.
Tuskys is seeking to stop its collapse and turn its fortunes around after receiving a Sh2 billion debt capital from a Mauritius-based investor.
Currently, the retailer has less than 45 days to pay its suppliers or risk liquidation.
Okumu is expected to help the debt-ridden supermarket chain regain its financial footing.
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