Tuskys strengthens its executive team amid IPO plans

CREDIT| Tuskys

Tuskys has made two high-profile talent additions to its executive team. The supermarkets operator last week announced the hiring of Daniel Kipchumba Koech as its chief marketing officer. Koech joins Tuskys from Nairobi Bottlers, a subsidiary of Coca-Cola Beverages. Koech led sales and marketing operations at the Nairobi Bottlers. At Tuskys, Koech will oversee the retailer’s marketing and business development operations.

Tuskys has also hired Sylvester Kiptoo as its chief information officer. Kiptoo joins Tuskys from Kenya Airways (KQ), where he led IT operations. Tuskys said that Kiptoo has 20 years of experience in areas of interest to it.

Tuskys IPO preparations underway
Tuskys has moved to strengthen its executive team at a time when it is working on a range of programmes, including franchising, expansion of its ecommerce business and IPO preparations.

As smartphones have become cheaper and more Kenyans get access to the internet, online shopping is picking up pace in the country. Busy lifestyle of Kenyan consumers is also fuelling adoption of online shopping as people are short of time to visit stores for shopping. That has led retailers like Tuskys to set up ecommerce platforms to cater to the growing number of consumers who want to shop online.

On IPO, Tuskys is one of the local companies that the Nairobi bourse operator is preparing for public listing of their shares through an incubation and acceleration programme called Ibuka. Tuskys has signalled it could hold its IPO as early as next year.