Payments company Circle will install a new CEO at the start of 2020 after one of its original co-founders steps down from the position.
According to cryptocurrency media outlet CoinDesk on Dec. 5, co-founder and co-CEO Sean Neville will transition to a post on the company's board of directors in January.
Neville launched Circle with Jeremy Allaire in 2013, and has presided over its metamorphosis in the ensuing years, including a pivot away from Bitcoin and the acquisition of cryptocurrency exchange Poloniex last year.
As Cointelegraph reported, Circle is now selling Poloniex, Neville describing the current events as forming an appropriate time to switch roles.
He will additionally continue his activities with Centre, the project between Circle and cryptocurrency exchange Coinbase which produced the company's native stablecoin, USD Coin.
Neville has yet to confirm the move, and at press time had not updated his personal information on resources such as LinkedIn to reflect any changes.
Circle's sale of Poloniex, which it originally acquired for $400 million, has not gone without controversy.
Last month, several former executives at Circle launched their own cryptocurrency trading firm.
CMS Holdings is headed by Daniel Matuszewski, the former head of Circle's over-the-counter, or OTC, trading arm.
Cointelegraph has reached out to Circle and Neville for comment, but had not received a response at press time.
Circle Co-Founder Sean Neville Quits as CEO After Reshuffle: Report
gepubliceerd op Dec 5, 2019
by Cointele | gepubliceerd op Coinage
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