Eqonex CEO Steps Down Amid Talks of Potential Merger Options

The CEO of digital assets financial services firm Eqonex is to step down as the company holds talks on a potential merger or takeover.

  • CEO Richard Byworth will step down with immediate effect and be replaced with chief operating officer Andrew Eldon on an interim basis, Eqonex announced Monday.
  • Eqonex is “engaged in ongoing strategic discussions with third parties including the evaluation of merger or takeover options,” according to the statement.
  • These moves are being made as part of a broad review of the company’s strategic direction, with the pursuit of “transformational” opportunities, Chairman Chi-Won Yoon said.

Source: Coin Desk

Leave a Reply