Guy Moates enters retirement as he departs retail space planning firm CADS with Aaron Wright filling his spot
Guy Moates is stepping down from the role of Director at CADS, a UK-based firm that operates in the retail planning and software market sectors.
Aaron Wright is moving up from the role of Finance Director to replace Moates.
In a LinkedIn post, the latter said: “A smidge over 28 years ago, I joined CADS as the AutoCAD Training Officer still (just) in my 20’s. CADS has been a wonderful employer, and I have enjoyed a great career. As I sign off for my (early!) retirement I would like to say thank you.”
He added: “Thank you to my fantastic colleagues and friends past and present. We have had many memorable times together. The team today is the strongest it has ever been in terms of spirit, expertise, attitude and knowledge and it’s been great to work with you all.”
“I am proud to leave the company in fantastic shape and in the safe hands of Aaron Wright who I am 100% confident will continue to look after you all.”
“Finally, to all the customers who have trusted me with your business and your friendship, thank you - I am truly grateful.”
Tern Capital
Last year, CADS announced its acquisition by Tern Capital.
Financial terms of the deal were not disclosed.
In a press release, CADS said that the decision to join forces with Tern was made by its board alongside its Dutch owners Boskalis with “careful consideration of how it would benefit employees, clients, partners, and stakeholders.”
“This strategic move aims to enhance capabilities, expand reach, and reinforce CADS’ commitment to delivering exceptional services and solutions”.
It added: “At the heart of this acquisition is the shared vision of both organisations – to empower CADS to further elevate its offerings and remain at the forefront of the industry.”
“With the support and resources of Tern, we will continue to provide the same level of outstanding service and dedication that our clients and partners have always enjoyed.”
Karthik Dasari, Managing Director at Tern, commented: “We’re excited to be supporting CADS on their growth journey as a standalone group. Their market leading services and software has already delivered significant benefits to their customers.”
“At Tern, we take a hands on approach and work very closely with businesses to help them scale using our deep operational experience, know-how and talent network.”
Continue reading…