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Nakumatt boss quits
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VituVingiSana
#11 Posted : Friday, February 05, 2010 5:35:25 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
The TRM jamaa was certainly not a Shah family member or a Mwau...
Or did he marry into the families?
Probably a cheap expat?

@kularaha - It makes sense to get real professional... but I remember at Uchumi after Suresh Shah left... the 'professionals' who came in with chris kirubi... destroyed the kampuni!

The dividends & share price we ku-enjoyed...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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KulaRaha
#12 Posted : Friday, February 05, 2010 5:52:25 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Suresh was the last pro who worked for Uchumi, all the others were nephews, sidekicks, etc.
Business opportunities are like buses,there's always another one coming
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selah
#13 Posted : Friday, February 05, 2010 5:53:19 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Atul shah is the brain behind Nakumatt definately the resignation of TRM comes as a shock but it was not unexpected.

Given their recent strategic shift from Opening mega store to opening express shops in the estate its always prudent to Get a person who understands that market niche well.

TRM was probably brought to oversee the transformation of Nakumatt into a public owned company and since that wont be happening in the near future he opted to resign.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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mukiha
#14 Posted : Friday, February 05, 2010 7:34:58 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
VituVingiSana wrote:
The TRM jamaa was certainly not a Shah family member or a Mwau...
Or did he marry into the families?
Probably a cheap expat?


TRM was headhunted from Plastics & Rubber, an IPS (Aga Khan) company, where he was CEO
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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VituVingiSana
#15 Posted : Friday, February 05, 2010 7:47:16 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
Never heard of that kampuni (Plastics & Rubber)...

Well, I am sure he helped sell their products in the Nakumatt stores (unless it was an unfriendly departure)

You are just a gusher of trivia!!! LOL...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#16 Posted : Friday, February 05, 2010 8:38:46 AM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Plastics & Rubber makes mainly bushes for motor vehicle and other machinery...unlikely to be selling much through Nakumatt...
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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KulaRaha
#17 Posted : Friday, February 05, 2010 10:02:16 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
i hear he is going to a motor vehicle dealership as topcat
Business opportunities are like buses,there's always another one coming
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the sage
#18 Posted : Friday, February 05, 2010 12:20:09 PM
Rank: Member

Joined: 11/20/2008
Posts: 367
@VituVingiSana I agree, what does Cicero mean that because Nakumatt deserves a demise because it is owned by a few people. That is like saying you bank with bank X because it is owned by a person from your community. You think they care who you are, look out for number one.
@All Atul Shah is the brains behind Tuskys.
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VituVingiSana
#19 Posted : Friday, February 05, 2010 12:30:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
the sage wrote:
@VituVingiSana I agree, what does Cicero mean that because Nakumatt deserves a demise because it is owned by a few people. That is like saying you bank with bank X because it is owned by a person from your community. You think they care who you are, look out for number one.
@All Atul Shah is the brains behind Tuskys.


People always look out for number one. Tribe is irrelevant!

Look at the customers of Ngenye Kariuki, Thuo or Nyaga...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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gathinga
#20 Posted : Friday, February 05, 2010 12:42:34 PM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
the sage wrote:
@VituVingiSana I agree, what does Cicero mean that because Nakumatt deserves a demise because it is owned by a few people. That is like saying you bank with bank X because it is owned by a person from your community. You think they care who you are, look out for number one.
@All Atul Shah is the brains behind Tuskys.


@Sage. Le mi correct you with your indulgence. There is no cross shareholding between Nakumatt and Tuskys. Tuskys is owned by some Kamaus from Nakuru
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