Argo Blockchain Loses Its CEO And Interim Chair Peter Wall Shortly After CFO

• Argo Blockchain Plc’s (NASDAQ: ARBK) Peter Wall stepped down as CEO and Interim Chair to pursue other opportunities.

• Argo prepared to engage an executive search firm to hire the CEO’s successor.

• COO Seif El-Bakly was named Interim CEO.

• Wall agreed to remain an advisor to Argo over the next three months to support the transition.

• Matthew Shaw was appointed Chair of the Board.

• Sarah Gow has resigned from her position as a non-executive director on the Board due to health reasons.

• Earlier this month, Alex Appleton resigned as the CFO and director to pursue other opportunities. The departure followed the sale of the Helios facility to Galaxy Digital Holdings Ltd (OTC: BRPHF) on Dec. 29, 2022.

• Price Action: ARBK shares traded higher by 5.50% at $2.30 in premarket on the last check Thursday.

• Photo Via Wikimedia Commons

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