The ball has started rolling on Uchumi's re-opening on Friday July 14 2006.
I hope that the government & parliament has learnt the need for "Restructuring" rather than Receivership & will update the Company's Act to ensure that businesses need not shut down just because they run into financial turbulence.
Back to the new MD...
Who is this Jonathan Ciano?
- was the Manager - Strategy & Restructuring at KPLC
Does he have any experience in the retail sector?
Which firms has he restructured?
How are they doing after the restructuring?
Does he have any experience in FMCG?
Has he ever been a CEO?
What did he accomplish at KPLC?
Bottomline: Does he have what it takes to run Uchumi?
I expected the stakeholders (or whoever picked the MD) to have picked a seasoned retail executive like Titus Mugo (ex-USL MD) or Ajay/Vijay Shah (ex-Nakumatt MD) but I hope they have the right man for the job! After all the government (aka the tax payers) has KShs 600 Million at stake! Unfortunately, MPs don't count as taxpayers so they have little to lose!
I wonder if the major stakeholders had input into Ciano's selection coz Uchumi needs a hardworking, honest & selfless individual to regain lost marketshare. The MD should be able to get into the trenches just like Suresh Shah did in Uchumi's heydays since that is the best venue for genuine feedback from customers, employees & suppliers.
I hope Kenyans (esp customers & suppliers) support Uchumi when it reopens & in the critical months ahead otherwise the bailout will all be to naught! Kenyans' words are often louder than actions! Many Kenyans lamented Uchumi's demise while they shopped everywhere else BUT Uchumi!
Kenyans should take pride in shopping at Uchumi which has traditionally supported Kenyan suppliers & manufacturers.
I am curious.... where does kituyi shop after his rant against Nakumatt?
Finally, I wish Ciano the best!