Technology

Leasecake founder steps down as CEO, takes on CDO role

Leasecake, a provider of lease management and lease accounting solutions for the restaurant and retail industries, has promoted Scott Williamson from COO to CEO. Provided

August 15, 2023

Leasecake, a provider of lease management and lease accounting solutions for the restaurant and retail industries, has promoted Scott Williamson from COO to CEO, replacing founder Taj Adhav, who will continue to grow the company as chief brand officer.

Recruited from JLL, Williamson grew ValuD into the largest IBM real estate management software solution, resulting in its purchase by JLL.

"I'm honored to accept the CEO role at Leasecake, and Taj and I are energized to leverage each other's strengths in this next stage of growth," Williamson said in a company press release. "His intuition and vision are focused on growing Leasecake's brand in the market while creating even more powerful solutions to solve the critical challenges of the restaurant and service-based retail industries.

"As we continue to grow, Leasecake's customer-centric philosophy will remain the cornerstone of success, and our shared vision ensures that we continue to transform the market with efficient and scalable solutions that exceed our customers' expectations."

Founded in 2017, Leasecake invented a market by focusing on the needs of tenant operators to manage all location-critical events, which become more complex as tenants grow.

With Leasecake experiencing significant expansion across its product portfolio and market reach, this evolution of the company is setting the stage for future growth, fostering efficiency, transparency and optimized management for commercial business operators, Adhav said.

"The market continues to tell us we give back time to our customers so they can focus on growing their real estate portfolios without the need to become real estate experts. Leasecake's evolution is a testament to our commitment to innovation, ease of use and team collaboration," he said in the release. "I am confident that Scott's growth stage and operational expertise will propel Leasecake into its next chapter and beyond. "

By moving Williamson into the day-to-day leadership of Leasecake, Adhav in his new role as chief brand officer will leverage his skills to increase awareness of Leasecake's brand in the market and help solve the challenges of the restaurant and service-based retail industries optimizing one of the most important assets in any portfolio — their locations.

With this strategic evolution of the company, Leasecake will continue to focus on innovation and helping companies open and operate more locations easier and more efficiently, according to the release.