Williams Fatayo, co-founder and CEO of truQ, announced his resignation due to internal conflicts and management disagreements. He emphasized that leaving the company was a necessary step for its well-being.
Reasons for William Fatayo's Resignation
Williams Fatayo posted a statement on his X (formerly Twitter) page outlining the reasons for his departure. He noted that internal administrative issues, lack of financial transparency, and leadership disputes were primary factors behind his decision. According to him, disagreements with co-founder Foluso Ojo began after he identified financial problems and suggested a change in her role to improve services. Fatayo claimed that Foluso began acting against the company's interests, to the point of attempting to remove him from the CEO position.
truQ's Status After the Departure
Following William Fatayo's resignation, Foluso Ojo will return as CEO of truQ. The company, founded in 2020, has established itself in the market, winning the TC Startup Battlefield competition and receiving financial backing. Despite internal conflicts, truQ continues to grow, providing services for thousands of commercial fleet operators and handling significant transaction volumes in the logistics sector.
William's Future Plans
William Fatayo stated that he plans to transition to a board-level position at truQ, where he will serve as an advisor and investor. He expressed hope to continue supporting the company he helped create and develop its ideas, despite his departure from the CEO role.
William Fatayo's decision to leave truQ highlights the challenges faced by startups in their development. The future of the company now hinges on how well it can navigate internal challenges and maintain its market position.
