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Terry Coates

Senior Executive - Chairman, CEO, NED, Board Advisor | Transformation, Restructuring & Turnaround | ILM Qualified Executive Coach and Mentor

Terry Coates is an accomplished business leader, Chartered Accountant, and a knowledgeable Non-Executive Director, based in the UK, with over 25 years of experience. He has worked at C-Suite level in international businesses, restructuring and leading two successful private equity sales as MD of turnaround situations. His expertise lies in Mergers & Acquisitions, Start-ups, Private Equity, Leadership, Coaching & Mentoring, People Leadership, and Business Planning. Terry has a close eye for detail and takes an analytical approach to decision-making. He is passionate about team execution and implementing transparent frameworks for maximum results. Terry holds a BSc in Biology, making him an ideal candidate for any business looking for a strategic and commercially astute leader with a passion for data.

Highlights

Jun 4 · linkedin

It is with great sadness that the Karhoo journey has now come to an end. Our backers, having invested a vast sum of money, have unfortunately decided to call it a day, just as we had completed our pivot and started to gain the traction needed with multiple global clients to drive our success.

The transformation of Karhoo was always going to be hard. On joining two years ago, the business was hugely loss making and extremely chaotic, but the core technology had always been brilliant, the team excellent and the potential to make a difference to the global mobility industry was very real. We changed so much in such a short time, and I am immensely proud of what this incredible, loyal team has achieved, just truly sorry that we didn’t have the opportunity to see our vision through to its deserved conclusion.

I absolutely believe there remains a critical need for a connector like Karhoo to resolve many of the issues of a fragmented mobility market. Consumers benefit from choice and convenience whilst the industry desperately needs a more collaborative, scalable model that benefits everyone. For those brave enough to step into the space that Karhoo is leaving, the benefits will be substantial.

I should add that such courage is, in my experience, most often associated with early stage businesses, and they are not for everyone, from employee through to investor. They are high risk, dynamic, and immensely challenging. You work harder than you ever thought possible, often without full recognition or compensation. You have to make super tough decisions and can feel like everything you’re doing is suboptimal. But as the changes mature and gather impact, and more people start to truly appreciate the shape of what is being created, it can be incredibly rewarding. The Karhoo journey has been all of that. Personally, I’ve loved every moment of it and I hope my colleagues have too.

So, in closing, thank you to the team at Karhoo for going above and beyond in extremely difficult circumstances, it's been a joy working with you all, and may I wish you the best of luck for whatever the next chapter brings; if I can help in any way, please reach out. And to my network, please message me if you are in the market for exceptional talent; from Finance to IT, Sales to Operations, Product to Engineering, I would recommend anyone from the Karhoo team unreservedly.

Looking forward to the post-Karhoo journey and hope that our paths might cross again.

#Karhoo #Mobility #Startups

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Terry Coates
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Location

East Horsley, England, United Kingdom