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Uchumi CEO & CFO fired.......
Rank: Veteran Joined: 1/9/2009 Posts: 1,262
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I thought Ciano was a geneous. what happened?
had he stepped down 2 years ago he'd be a legend....
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Rank: Elder Joined: 10/4/2006 Posts: 13,822 Location: Nairobi
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xyzee wrote:I thought Ciano was a geneous. what happened?
had he stepped down 2 years ago he'd be a legend.... hawa ndio nani? people who give genes?  All Mushrooms are edible! Some Mushroom are only edible ONCE!
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Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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He had been overrated. I once attended one of his motivational talks and I felt he was a wanna be of some sort . His examples were quite idealistic yet hevwanted to pass them as real and relating to him. There was nothing out of the ordinary. Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Media. Is very corrupt.you can buy even by a fake persona punda amecheka
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Rank: Member Joined: 11/10/2010 Posts: 281 Location: Nairobi
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I watched him speak once and in the Q&A. He was actually advocating for overhauling of all middle to senior management in cases where a business is not doing well. Thereafter I thought he must have been a real @$$.
After he turned around a failing Uchumi, he should have made a succession plan and left. The personality of this kind of leaders who turns a business around (making some seemingly harsh decisions in the process) is not the kind of guy you want at the helm when the plan is growth.
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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And to imagine he was being touted as possible MD for Mr Reddy kilowatt 😐😕😑 Blackouts hazingeisha  "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Jinga If Obiero did it, Who Am I?
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Rank: Veteran Joined: 6/23/2014 Posts: 1,652
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Ciano is a brilliant man.He is a great strategist but poor in operations.He should have left after turning around Uchumi.Uchumi is still run as a parastatal.Things have changed and there is competition all over but Uchumi never adjusted to the changes in the environment.In fact small supermarkets like Maathai are now taking over uchumi's market share. The supermarket is boring and doesnt attract the yolung generation.They need to hire some young guys who will inject the energy required.They also need to stop investing in Longterm assets which is unstrategic.They need to learn from Nakumatt which is the largest leasing company in East Africa.Lease your assets and use the cash to purchase the inventory. Hutia Mundu!!
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Rank: Member Joined: 8/17/2007 Posts: 294
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Kenyans are funny. Why are you rushing to sell Uchumi now? Let me give you an African analogy. If your cow has been sick and after several doctors you still dint know whats ailing your cow. You probably will start looking for someone to buy it at a throw away price. But Suddenly the disease is properly diagnosed and treatment started. Wouldnt you change your mind and wait as there is now hope that your cow will be healed and will be worth more in a few months? Tafakari hayo!
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Rank: Member Joined: 3/26/2012 Posts: 280
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Which is the subset of the other. Turn around artist and con artist. DOH
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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instinct wrote:Kenyans are funny. Why are you rushing to sell Uchumi now? Let me give you an African analogy. If your cow has been sick and after several doctors you still dint know whats ailing your cow. You probably will start looking for someone to buy it at a throw away price. But Suddenly the disease is properly diagnosed and treatment started. Wouldnt you change your mind and wait as there is now hope that your cow will be healed and will be worth more in a few months? Tafakari hayo! My signature foretold all of wazua
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/7/2012 Posts: 11,919
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Bachuma Gate wrote:Which is the subset of the other. Turn around artist and con artist. Doesn't matter, at end of day Wanjiku is defrauded!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Wamunyota wrote:Ciano is a brilliant man.He is a great strategist but poor in operations.He should have left after turning around Uchumi.Uchumi is still run as a parastatal.Things have changed and there is competition all over but Uchumi never adjusted to the changes in the environment.In fact small supermarkets like Maathai are now taking over uchumi's market share.
The supermarket is boring and doesnt attract the yolung generation.They need to hire some young guys who will inject the energy required.They also need to stop investing in Longterm assets which is unstrategic.They need to learn from Nakumatt which is the largest leasing company in East Africa.Lease your assets and use the cash to purchase the inventory. Agreed. Iko kitu inaitwa Public Procurement Act which effectively hamstrings someone competing in the FMCG space. The gava should exempt Uchumi from the State Corporations Act or sell enough shares to lose control, ama anyone else coming in under the same environment will meet the same waterloo. That said, I suspect there were serious corporate governance issues and the board sacked JC to cover their backsides. Why couldn't they just retire someone who had a month to go?
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Rank: Chief Joined: 1/3/2007 Posts: 18,200 Location: Nairobi
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obiero wrote:instinct wrote:Kenyans are funny. Why are you rushing to sell Uchumi now? Let me give you an African analogy. If your cow has been sick and after several doctors you still dint know whats ailing your cow. You probably will start looking for someone to buy it at a throw away price. But Suddenly the disease is properly diagnosed and treatment started. Wouldnt you change your mind and wait as there is now hope that your cow will be healed and will be worth more in a few months? Tafakari hayo! My signature foretold all of wazua  I can't put my finger on it but there's one stock/firm missing in your list Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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May it be the one that has risen by 11% in last two days? :)
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 10/14/2011 Posts: 661
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and it's not KQ! 
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Rank: Member Joined: 8/17/2007 Posts: 294
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i went shopping at Uchumi today. Mombasa Rd branch. The shelves were well stocked unlike my visit there the day POTUS arrived. surprisingly i found all the items on my shopping list, 6000 worth. Staff were courteous unlike a month ago. Seems they're back to near normal operation at least. Has shortlisting for new CEO been done?
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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instinct wrote:i went shopping at Uchumi today. Mombasa Rd branch. The shelves were well stocked unlike my visit there the day POTUS arrived. surprisingly i found all the items on my shopping list, 6000 worth. Staff were courteous unlike a month ago. Seems they're back to near normal operation at least. Has shortlisting for new CEO been done? Nice to hear that.How much did you pay for parking?These guys should find a way to offset parking fee vs the 6k spent..maybe refunding the fee via uchumi card?
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Also went to Uchumi Koinange and saw lots of change, including attitude, staff, speed etc. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 8/17/2007 Posts: 294
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Chaka wrote:instinct wrote:i went shopping at Uchumi today. Mombasa Rd branch. The shelves were well stocked unlike my visit there the day POTUS arrived. surprisingly i found all the items on my shopping list, 6000 worth. Staff were courteous unlike a month ago. Seems they're back to near normal operation at least. Has shortlisting for new CEO been done? Nice to hear that.How much did you pay for parking?These guys should find a way to offset parking fee vs the 6k spent..maybe refunding the fee via uchumi card? Yeah that bit sucked. Kwanza i dint have coins!
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