Wasoko founder Daniel Yu steps down as CEO after 11 years
- Daniel Yu announced his departure as CEO of Wasoko after 11 years, marking a significant leadership change.
- Belal El-Megharbel, co-founder of MaxAB, has assumed the role of CEO following Yu's exit.
- The merger between Wasoko and MaxAB was completed in August 2024, creating one of Africa's largest B2B retail platforms.
The leadership transition at Wasoko signifies a critical moment in the evolution of African startups, where the focus is shifting from founder-led initiatives to structured management. This trend may enhance operational efficiency but could also challenge the innovative spirit that often drives startups. Further discussion is needed on how this shift impacts company culture and long-term growth.
