Argo Blockchain PLC updates on boardroom reshuffle

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New appointments embody three non-executive administrators and the elevation of finance director Alex Appleton to govt director degree

(, , ) issued an replace on a number of board appointments and resignations.

The cryptocurrency miner stated it appointed Colleen Sullivan, Maria Perrella, and Sarah Gow as impartial non-executive administrators (NEDs) and Alex Appleton as an govt director, efficient from July 29.

READ: Argo Blockchain’s Texas facility will allow it to stand out amid shift to renewable crypto mining, says broker

Sullivan is at present the chief govt of CMT Digital, a division of crypto-asset buying and selling and blockchain funding agency CMT Group. Perrella beforehand served as chief monetary officer of Canadian worldwide area mission associate MDA. Gow brings over 19 years of expertise within the banking business, together with greater than 11 years at Citigroup Asset Administration the place she served as a director of worldwide operations in New York in addition to the pinnacle of operations in London.

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Appleton has served as Argo’s finance director since September 2020 and has been elevated to director degree because of his “growing duties and helpful contributions”. The agency additionally formally introduced the appointment of Perry Hothi as its chief expertise officer.

Argo additionally stated Marco D’Attanasio and James Savage have resigned as NEDs and Ian Macleod has resigned as govt chairman. CEO Peter Wall has been appointed as interim chairman and is anticipated to carry the place till an acceptable substitute candidate is recognized.

“After an intensive choice course of, we’re delighted to welcome Colleen, Maria, and Sarah to the board as impartial administrators. Every brings a wealth of expertise inside the cryptocurrency, expertise, and finance sectors, and particular perception that shall be invaluable as Argo seems to proceed to progress as a worldwide chief in cryptocurrency mining”, Wall stated in an announcement.

“I’m additionally happy to welcome Alex Appleton to the board as an govt director following his helpful contribution to the Firm’s enterprise up to now. Alex’s experience in his Finance Director position, alongside the continued dedication and onerous work of CTO Perry Hothi and the remainder of the workforce, is integral to the continued success of Argo. I’d additionally prefer to thank Ian, James, and Marco for his or her distinctive service throughout their tenure because the Firm’s Government Chairman and non-executive administrators respectively; their contributions, data, and oversight have been pivotal in establishing Argo to this point”, the CEO added.

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