Kobo360, a Nigerian logistics startup, has announced the appointment of a new CEO, Cikü Mugambi, after its co-founder, Obi Ozor stepped down to serve as commissioner of transportation in Enugu State. Additionally, the company’s Board of Directors named Mugambi, the COO, as Ozor’s successor.

Mugambi became a part of Kobo360 in 2021, having previously held positions at organizations like IFC (International Finance Corporation), Next Billion Growth, and KPMG. Commenting on her appointment, Cikü Mugambi expressed, “Powering a complex and challenging supply chain and using technology to scale inter-regional trade is a long-term generational mission; this is what Kobo360 set out to achieve when it launched six years ago, and I am honored to be tasked with continuing the company’s journey. Obi has been a powerful advocate for the company, and we thank him for his hard work and visionary mission”.

The company also appointed Fola Adeola, the co-founder of Guaranty Trust Bank, as the new Chairman of the Board of Directors. “As an early backer of Kobo360, I am excited to work even more closely with the Board, Cikü, Ayo and the entire team, to continue to build an African technology company that powers our continent’s trade. The company is at an inflection point and has made significant progress on its journey to profitability. This is a significant platform on which we plan to grow and scale even further,” Fola Adeola said of his appointment.