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Start-up Digital Asset (DA), co-founder of the company, appointed co-founder Yuval Rooz as the new CEO.
Rooz, who was both operations director and chief financial officer of the group, succeeds AG Gangadhar, interim CEO, who stepped in when his iconic leader Blythe Masters stepped down last December.
Digital Asset's board of directors unanimously decided to appoint Rooz's chief executive officer and a board member, according to an announcement on Tuesday. Gangadhar remains the executive chairman of the board.
In an email to Digital Asset employees announcing the appointment of Rooz as CEO, Gangadhar wrote:
"Like other board members, I am very confident that Yuval's strategic agility, business acumen, mission-oriented orientation, and deep trust in our people and products make it a perfect fit." qualified to lead Digital Asset successfully. "
Since the departure of Masters, DA has seen a large number of employees leave the firm, including Sofus Mortensen, product manager at DAML, the company's intelligent contract programming language; Gavin Wells, Head of Europe; and James Powell, CIO and CTO of Engineering.
Powell's responsibilities at DA were handled by Shaul Kfir, CTO in Architecture and a member of the founding team. The company also hired Zohar Hod, a commercial technology veteran, as Rooz's strategy director.
Digital Asset is still busy replacing the CHESS clearing and settlement system of the Australian Securities Exchange (ASX). Although the deadline for this project was postponed until early 2021, the ASX told CoinDesk an interview yesr that the Masters start would not affect his schedule.
Prior to joining DA in 2014, Rooz managed an algorithmic trading desk at DRW Trading, a Chicago-based trading company led by Don R. Wilson, co-founder and board member of Digital Asset.
Image of Yuval Rooz with the kind permission of Digital Asset
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