Circle Co-Founder Sean Neville Quits as CEO After Reshuffle: Report
William Suberg's original article for cointelegraph.com reduced by 74%
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.
Last month, several former executives at Circle launched their own cryptocurrency trading firm. Cointelegraph has reached out to Circle and Neville for comment, but had not received a response at press time.
Donate Bitcoin to this address
Scan the QR code or copy the address below into your wallet to send Bitcoin
Donate Ethereum to this address
Scan the QR code or copy the address below into your wallet to send Ethereum
Donate With MetaMask
Donate ETH With MetaMask
Alternatively, support us by using the following referral links:
CN [too long; didn’t read]
Summarised crypto news.