Within the latest updates from a startup, it was revealed that the CEO was stepping down, with an interim CEO named in their place. The departure came amidst past controversies that the company had faced, including issues with fraudulent activities linked to a shipping company in 2023. The former CEO addressed the reasons for leaving, citing personal goals and a misalignment of visions with the major investor.
Regarding the incident with the shipping company, the former CEO clarified that the company’s accounts were not blocked, and legal actions were being taken to recover funds. The former CEO also discussed the involvement of Leatherback with the case and emphasized that the company was cooperating with authorities to resolve the matter.
The former CEO also shed light on the challenges faced during the period when he was declared wanted by the EFCC due to the incident. He mentioned efforts made to recover funds and the steps taken to address the situation legally. The former CEO highlighted the impact of the incident on the company but reassured that Leatherback was moving forward.
In response to questions about the appointment of the interim CEO and the transition in leadership, it was clarified that the interim CEO was not an investor but a temporary appointment to facilitate the company’s operations. The former CEO acknowledged the emotional impact of his decision to step down and the discussions held with the board before the final decision was made.
Overall, the former CEO expressed confidence in the company’s future and hinted at upcoming announcements and plans for the business. The transition in leadership was seen as part of the company’s ongoing evolution and efforts to navigate through challenges while focusing on growth.