Algorand has promoted Chief Operating Officer W. Sean Ford to interim CEO, effective immediately. Ford will succeed G. Steven Kokinos, who is leaving to “pursue other interests.”
- Kokinos, who joined Algorand in 2018 after founding software development firm Fuze, will serve as a senior advisor to the company until mid-2023.
- Ford – who also joined Alogrand in 2018 – had previously been chief marketing officer at remote software company LogMeIn. At Algorand, he has overseen go-to-market execution and operations.
- "We thank Steven for his time and dedication to Algorand," said company founder Silvio Micali. "He has been instrumental to the initial success of our business, and we appreciate his commitment to a seamless transition. ... Sean is well positioned to partner with me to keep the company operations running business as usual, and to help us transition Algorand to our next phase of growth."
- Algorand token algo (ALGO) is little-changed, remaining down about 90% from its all-time high touched in September of last year.
Read more about
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.