Trustmarque boss Scott Haddow has told staff at the Capita-owned enterprise software and managed services-based reseller that this week will be his last at the company.
Outsourcing behemoth Capita splashed £57m on the York-HQ’d firm in June, it was integrated into the IT Enterprise Services division run by Craig Rogerson, so it was only a matter of time before Haddow left.
In a memo sent to staff this afternoon - seen by us - Haddow said:
“As the saying goes, all good things must come to an end and I’m writing to let you know that my time as CEO at Trustmarque is coming to an end”.
He said it was “always clear” between Capita’s leadership team and him that he would “exit at the most appropriate time having secured the ‘safe landing’ of this excellent business into its new home”.
There is a wider redundancy programme at Capita following its first ever profit warning but we understand Haddow's exit is not related to this process.
The buy of Trustmarque had beefed up Capita’s portfolio with software “asset management, a strategic cloud consultancy and an enterprise-as-a-service model”.
Haddow said “these capabilities” and its position with Microsoft as the largest public sector seller of volume licenses stood the business in good stead.
“Trustmarque has given me some of the proudest, happiest, funniest and most challenging moments of my career and I want to thank you all for everything you have done to make the last seven year such extraordinary ones,” he said.
Haddow and Trustmarque sales director Angelo di Ventura were part of a management buy-out backed by LDC. The business was then sold to Dunedin but it ran into well documented difficulties before it was sold to Endless-owned Liberata, rebuilt, and then more recently sold on to Capita.
Industry sources told us it now appeared only a matter of time before di Ventra followed Haddow out of the door, but El Reg was unable to substantiate this at the time of writing. ®