Algorand has a new interim CEO as of Wednesday, following the departure of former CEO Steven Kokinos.
Long-time employee W. Sean Ford — previously chief operating officer at the blockchain company — will succeed Kokinos, who will remain as a senior advisor until mid-2023. In his previous role Ford looked after product management, engineering, marketing and global community development.
Algorand founder Silvio Micali said Kokinos had been “instrumental to the initial success of our business, and we appreciate his commitment to a seamless transition.” Micali went on to say that Ford was well positioned to partner with Kokinos in order to keep company operations running smoothly.
The Algorand blockchain uses proof of stake and aims to tackle the ‘blockchain trilemma’ of security, scalability and decentralization.
The Algorand company is separate from the Algorand Foundation, which is set up to support the growth of the surrounding community.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.