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

  • Argo Blockchain Plc's 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 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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