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Bitcoin.com has a new CEO and is the third this year, Roger Ver announced

May 22, 2020

Bitcoin.com has its third CEO within three months of rising from Dennis Jarvis (formerly Chief Product Officer)) to the highest contribution.

The founder of the Cryptoexchange news site, Roger Ver, announced that the command change has taken place in the midst of a “moral downfall” of the company, addressed to all employees in an internal memo on May 20.

Said former CEO Mate Tokay (named just two months ago) would resign immediately and thanked him for his short time in command. In April Tokay was announced as “CEO” instead of “CEO in Command”. It will remain as the “right hand” of Ver.

Bitcoin.com has a new CEO and is the third this year, Roger Ver announced
Bitcoin.com has a new CEO and is the third this year, Roger Ver announced

Before joining Bitcoin.com, the new CEO Jarvis worked at Apple and Rakuten.

A turbulent story

The company has appointed three new CEOs since Roger Ver stepped down as chief executive officer in mid-2019 to become president of the company. The company’s veteran, Stefan Rust, was the first to take office, but a “sudden” downsizing in April this year caused Rust to retire, followed by 60 other employees who were said to be a week later.

During Virtual Blockchain Week, Ver Cointelegraph told a little about the choice of the company:

“With Stefan Rust we were very peaceful and it didn’t turn out to be the right long-term solution, but we continue to love and respect him and wish him all the best for the future.”

Chaotic times and a moral downfall

The recent change in leadership has been attributed to the “chaotic” times the industry was facing along with the company’s response:

“I know that this industry can be messy at times, and we haven’t done enough to mitigate that fact or focus on creating long-term stability, especially lately. I know this has really affected everyone of you personally . Many of you have done this. ” spoken and thank you for that too. “

Ver also announced a simpler management structure and said it would be based in Tokyo, Japan. Ver changed his title from Executive President to Founder and promised to be less participatory:

“Now it is more necessary than ever for me to step back once and for all in Bitcoin.com’s active day-to-day management. I haven’t made this decision lightly in the current circumstances, but I think it’s the best way. ” to rebuild morale. “

At the Blockchain Virtual Week, Cointelegraph Ver asked if his “practical” approach was a factor in Rust’s departure:

“I’m still pretty handy, although I want to have a little more private time in my life. It was almost 10 years full time every day and the goal was to hire a different CEO so I could have a little more time.” private in my life. It hasn’t worked that way yet. I still have hope and optimism that this will eventually happen, but it has not been so yet. “