Julius Kipngetich. [Photo:venasnews.co.ke]

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Julius Kipngetich has resigned as Uchumi Supermarkets chief executive officer.

In a statement, the chain store's board of directors said they have accepted Kipngetich's resignation, with effect November 30, 2017.

"The board of directors has commenced the process of identifying a suitable qualified successor to the chief executive officer..." reads the statement.

Kipngetich has been at the helm of Uchumi for two years.

Here is the statement in full: