Digital Asset CEO Blythe Masters has requested to step down for personal reasons.
AG Gangadhar, who joined the company’s board of directors in April, has been appointed the board chairman and will serve as acting CEO until a permanent CEO is named.
Meanwhile, Masters, who has served in the role since 2015, will remain involved in the company as a board member, strategic adviser and shareholder.
Masters commented: “Digital Asset has evolved from an ambitious idea to a truly global software engineering firm. We are fortunate to have a deep bench of accomplished executives on the management team and board, including AG, who have the requisite experience to take the company to the next level.”
“Having come to know and trust AG as an advisor and board member, I am convinced that he brings what’s needed to guide the company through its next phase.”
Gangadhar said: “Blythe Masters has built an impressive foundation with incredible progress to date, helping the company emerge as an industry leader. I’m honoured to lead Digital Asset and work alongside the talented management team during this transition until a new CEO is appointed, at which point I will focus on my responsibilities to lead the Board.”
Mike Bodson, president and CEO of DTCC, added: “On behalf of the Digital Asset board, I would like to thank Masters for her leadership and vision, which has propelled the company from a promising startup to a globally recognised leader in distributed ledger technology. We are excited to have a world-renowned technologist like AG to help take the company forward.”
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