Tether International said the board of 21 Capital has appointed Raphael Zagury as the company’s new chief executive officer. Zagury currently serves as CEO of the Elektron Energy team and is also a member of 21 Capital’s board. The leadership change will see current CEO Jack Mallers step down and focus full time on Strike. The companies said they are working through an orderly handover of responsibilities to maintain continuity during the transition. 21 Capital and Strike have also decided that Strike is better suited to operate as an independent business, and the two sides are no longer considering a merger. 21 Capital added that it plans to share more details on its strategy and direction in the coming months.
Tether International said 21 Capital’s board has appointed Raphael Zagury as the company’s new CEO.
Zagury is currently CEO of the Elektron Energy team and also serves on 21 Capital’s board.
Current CEO Jack Mallers will step down and move to Strike full time. The parties said they are carrying out an orderly transfer of responsibilities to keep operations steady through the leadership transition.
21 Capital and Strike have also determined that Strike is better positioned to operate as a standalone business, and they are no longer considering a merger.
21 Capital said it will disclose more information on its future strategy and direction in the coming months.
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