Algorand has promoted COO W. Sean Ford to interim CEO, effective immediately. Ford will succeed G. Steven Kokinos, who is leaving to “pursue other interests.”
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Kokinos, who joined Algorand in 2018 after founding software development firm Fuze, will serve as a senior advisor to the company until mid-2023.
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Ford – who also joined Alogrand in 2018 – had previously been chief marketing officer at remote software company LogMeIn. At Algorand, he has overseen go-to-market execution and operations.
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“We thank Steven for his time and dedication to Algorand,” said company founder Silvio Micali. “He has been instrumental to the initial success of our business, and we appreciate his commitment to a seamless transition … Sean is well positioned to partner with me to keep the company operations running business as usual, and to help us transition Algorand to our next phase of growth.”
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Algorand’s token ALGO (ALGO) is little-changed, remaining down about 90% from its all-time high touched in September of last year.
