11 top executives of auto marketplace Cars45.com have resigned amidst rumours of fierce internal rift within the company.
These executives are crucial officers including a co-founder Mohammed Iyamu, the Chief Financial Officer Olajide Adamolekun and Vice-President Commercial Mayokun Fadeyibi.
The development became public when the auto merchant released a disclaimer through its instagram and twitter handles with mug shots of the former employees and dissociating itself from them.
“They are not authorized to represent the company in any matter whatsoever. Anyone dealing with them on behalf of Cars45 is doing so at his own responsibility,” the now deleted social media disclaimer post read.
Investigation reveals that Cars45 Ceo and co-founder Etop Ikpe had left the company in July to establish NewCo, an auto financing firm yet to officially launch. 8 of the 11 ex-Cars45 employees are now with NewCo.
It’s not yet certain what triggered the exodus but Cars45 explained in a statement to WeeTracker that “there is no cause for alarm and Cars45 is still as united and strong as ever.”
“They (ex-employees) have been known with the business and without any communication from us, customers might still approach them for business regarding Cars45. Hence, we thought it best to let our customers know they are no longer representing Cars45 and the business as a whole.”
As events unfold, we would be bringing latest developments to the story.
