Investors and owner of Jumia, Rocket Internet said its shareholders have discharged its board and management.
The decision was reached at its annual general meeting held in Berlin.
The company said all agenda items proposed by the Management Board and the Supervisory Board were approved with a majority of at least 89.32%.
The shareholders discharged the members of the Management Board and the Supervisory Board for the financial year 2017.
“2017 was a very successful year for Rocket Internet”, said Oliver Samwer, CEO of Rocket Internet. “The IPOs of Delivery Hero and HelloFresh and numerous other successful company exits have shown that we are able to create and crystallize value for our investors. We will further improve the profitability of our companies and will continue to look for promising business models in the Internet and technology sector worldwide.”