UK's Argo Blockchain says CEO Thomas Chippas to step down (updated)
21/01/2025 07:50
(Adds details in para 2-5)
Jan 21 (Reuters) - British crypto miner Argo Blockchain
ARB.L on Tuesday said Thomas Chippas is resigning from his
roles as CEO and director.
This marks the firm's second CEO change in less than two
years, following Chippas' appointment to the role in November
2023 when he replaced founder and CEO, Peter Wall.
Jim MacCallum, who became CFO in April 2023, will now lead
the company on an interim basis.
Argo intends to engage an executive search firm to assist
the search for its CEO, it added.
The company, founded in 2017 by Wall, has faced
significant challenges in recent years, including selling its
Helios mining facility at the end of 2022 to prevent bankruptcy.
(Reporting by Anandita Mehrotra in Bengaluru; Editing by Varun
H K and Janane Venkatraman)
((Anandita.Mehrotra@thomsonreuters.com;))