Monday, May 17, 2021
Home News Thrive Agric CEO, Uka Eje, steps down as Adia Sowho is named...

Thrive Agric CEO, Uka Eje, steps down as Adia Sowho is named interim CEO

Thrive Agric CEO, Uka Eje just announced via his Twitter account that he has stepped down from his role as chief executive. Adia Sowho resumes as the company’s interim CEO.

This news is coming days after the company faced renewed allegations from its subscribers about its defaulting of payments. And as it stands, there are talks about the company might face legal action from them.

Having released several statements trying to appease customers and investors, Thrive Agric has gone a step further by making organisational changes to help the business thrive.https://platform.twitter.com/embed/index.html?creatorScreenName=ulonnaya&dnt=true&embedId=twitter-widget-0&frame=false&hideCard=false&hideThread=false&id=1314213714908733440&lang=en&origin=https%3A%2F%2Ftechpoint.africa%2F2020%2F10%2F08%2Fuka-eje-steps-down-adia-sowho-takes-over%2F&siteScreenName=techpointdotng&theme=light&widgetsVersion=ed20a2b%3A1601588405575&width=550px

Eje who founded the agro-crowdfunding platform with Ayodeji Arikawe in 2017 and has led the company since then will now become its chief operating officer (COO).

Sowho who has worked as a consultant for Deloitte Consulting and director, Digitial Business for Etisalat Nigeria becomes the startup’s interim CEO.

She moved into the startup scene in 2018 when she became the Managing Director, Nigeria and VP, Growth of fintech startup, Migo. However, she left the company six months ago.

As the interim CEO, Eje says she’ll guide the company through “a turnaround exercise so that we survive the effects the COVID-19 pandemic has had on the business.”

Similarly, the company has appointed a chief financial officer (CFO) who comes with significant experience in finance and a new head of Risk Management and Compliance.

While Eje will no longer run the company’s day-to-day operations, he is said to learn under Sowho for now.  He also had this to say.

“I sincerely express my apologies to all Thrive Agric subscribers, partners, and investors for the lapses in communication in the past months. We are committing to maintaining effective communication on the state of things with Thrive Agric to all stakeholders in order to regain confidence as we ensure all subscribers get paid fully.

This delay in payouts is not what we intended in our mission to create a food-secure Nigeria. We hope for your continued patience as we continue to engage with you in the next few days as we roll out the changes to get us back on track.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Sub-Saharan Africa Trade Agency Appoints Kaspersky as Cybersecurity Partner

Africa House London – a trade agency established to encourage trade, commerce, and investment between the UK and a selected number of Sub-Saharan...

Paystack expands to South Africa

Paystack, a fintech company that powers growth and payments for businesses in Africa, today announced its official launch in South Africa after a six-month...

Nigerian startups could bag more government ICT contracts with new policy

Nigeria’s President, Muhammadu Buhari, has launched a policy that may see Nigerian startups enjoy more government ICT contracts. On...

Twitter rolls out improved ‘reply prompts’ to cut down on harmful tweets

A year ago, Twitter began testing a featurethat would prompt users to pause and reconsider before they replied to a tweet using “harmful”...

Recent Comments

Obunseh patrick chukwuma. on Vote: Africa Corporate Brands Awards, 2020
Egbe Anyalewechi Malvin on Vote: Africa Corporate Brands Awards, 2020
Egbe Anyalewechi Malvin on Vote: Africa Corporate Brands Awards, 2020