Seeking Alpha
2021-12-15 21:49:09

Marathon Digital executive chairman retires with CEO succeeding

Marathon Digital Holdings' (NASDAQ:MARA) Executive Chairman Merrick Okamoto plans to retire at the end of this year, with CEO Fred Thiel succeeding Okamoto on Jan. 1, 2022. Prior to his role as executive chairman, Okamoto joined MARA in 2017 as the company's chairman and CEO. In April of this year, Thiel replaced Okamoto as CEO, as part of a succession plan. The company is now evaluating candidates to fill Okamoto's vacancy on its board of directors, it says. Meanwhile, shares of MARA gain 1.9% in after-hours trading. Previously, (Nov. 18) Marathon Digital's CEO believes crypto regulation "levels the playing field."

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer