truQ Co-founder Williams Fatayo Resigns as CEO After Five Years
Williams Fatayo, co-founder of the logistics startup truQ, has stepped down from his position as CEO after leading the company for five years. Fatayo announced his departure in a Medium post on Saturday, July 12, 2025, citing certain events leading to his resignation. While the public announcement was recent, LinkedIn data indicates Fatayo officially left the role in February 2025.
# Leadership Conflict at truQ
Fatayo co-founded truQ in 2020 alongside Folusho Ojo and Isaac Chikutukutu with the aim of automating short-haul logistics. Initially focused on a business-to-consumer (B2C) model, truQ strategically shifted its focus to a business-to-business (B2B) approach. Reports suggest that this B2B pivot now accounts for a significant portion of the company’s operations, representing 90% of its trips and generating 65% of its revenue. The startup has garnered investment from notable backers, including Google for Startups, Techstars, and Ajim Capital, in addition to securing various grants. The primary reason for William’s departure as CEO appears to stem from disagreements with Ojo, who has served as the Chief Operating Officer since the company’s inception. In his post, Fatayo pointed to performance issues by Ojo as the core of the conflict between the co-founders.
Fatayo’s departure marks a significant transition for the African logistics startup. The company’s future direction and leadership will be closely watched as it continues to navigate the competitive landscape of the short-haul logistics market.
Keywords
Related Keywords: Technology News, Tech News, Technology Company News, Tech Company News, Technology Industry News, Latest Tech News, Tech Updates, Technology Business News, Tech Co News, Technology News Website
