Coin Citadel appointed Thomas William Pillsworth V as the new president and CEO. He replaces Bill Schaefer, who resigns as president, chief executive officer and director.
The leadership positions were effective in September and they follow the decision that Bill Schaefer resigns as president and CEO and resigns as director of the company. The new management has not issued public statements or press releases, focusing on getting the updated financial data from the old management to update the OTCIQ markets.
A statement from the company announced the appointment. "We are fortunate to have someone of the caliber of Thomas and the experience of stepping on to drive Coin Citadel.We are at a critical moment in the future of Fintech and Blockchain technology and we need a renewed leadership to successfully implement our strategy and take advantage of future market opportunities. "
Pillsworth has been in the bitcoin industry since 2014, runs a mining operation and has worked on his Masters in Digital Innovation.