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One of the well-known women in the cryptocurrency sector, Blythe Masters, has recently resigned as CEO of Digital Asset, citing personal reasons.
The CEO drops out after three years at the helm
According to a press release published on December 18, the decentralized accounting technology provider, Digital Asset, recently announced that Blythe Masters resigned as CEO of the company after serving for three years. The blockchain society also declared that the Masters action was due to personal reasons.
In a note sent to Digital Asset employees on Tuesday (December 18th), Masters acknowledged that working in the company is priceless, but family commitments take precedence.
With the departure of Masters, AG Gangadhar, one of the members of the Digital Asset Board of Directors since April, is the new chairman of the board of directors. In addition, AG is temporarily serving as a managing director pending a permanent replacement.
Blythe Masters said the blockchain company had grown and expanded to operate as a global technology company. Even the former CEO praised the AG, saying:
We are fortunate to have a strong team of experienced management team and board executives, including AG, who have the necessary experience to bring the company to the next level. Having come to know and trust in AG as an advisor and a member of the board of directors, I am convinced that he brings what is necessary to guide the company in its next phase.
AG Gangadhar also had brilliant words for the Masters. The interim CEO said that the Master built a solid foundation and brought the company to enviable levels. AG also expressed gratitude for the temporary appointment and promised to carry out all of its responsibilities.
Also Mike Bodson, President and CEO of the Depository Trust and Clearing Corporation (DTCC) and a member of the Digital Asset Board of Directors, commented on the events. The DTCC CEO recognized the sterling performance of Masters as CEO and was delighted to have AG as the leader.
Blythe Masters, however, would remain on the board of directors of the company and would still be a shareholder and strategic advisor.
Executives who leave the cryptocurrency companies
The departure of the executives of various cryptocurrency companies is not new. While some leave companies due to conflicts of interest, others move to join other virtual money companies, and others for personal reasons.
Adam White, former head of the institutional sector of the US-based digital currency trading company, Coinbase, announced his Exit from the company. The former Coinbase executive left the company to join Bakkt as an operations manager (COO).
In addition, the restructuring of Galaxy Digital Holdings, owned by Mike Novogratz, saw the departure of some of its leaders. Richard Tavoso, who was president of Galaxy Digital, was about to exit the role by the end of 2018. David Namdar, who was Co-Head of Trading, came out of the company.
At the start of the year, Phil Potter, Bitfinex's Chief Strategy Officer, left the exchange of digital currency while the company announced that it wanted to leave the United States.
Image courtesy of the New York Times
