Grayscale Horizen Trust Sponsor Appoints Interim Co-CFOs Following CFO Departure
HZEN is trading near its 52-week low of $0.477 (11% above the low) on light trading volume (0.1× avg).
Summary
Grayscale Investments Sponsors, LLC announced the departure of its CFO for personal reasons and appointed two internal Senior VPs of Finance as interim Co-CFOs, with one also taking on the Principal Financial and Accounting Officer role for the Grayscale Horizen Trust.
Key Events · Executive and Board Changes · HZEN
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CFO Departure
Edward McGee, Chief Financial Officer of Grayscale Investments Sponsors, LLC, stepped down for personal reasons after 7 years of service. The company stated his departure was not due to any disagreement.
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Interim Co-CFO Appointments
Kathryn Masci and Daniel Plourde, both Senior VPs of Finance at Grayscale, were appointed as interim Co-Chief Financial Officers of Grayscale Investments Sponsors, LLC.
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New Principal Financial Officer for Trust
Kathryn Masci will also serve as the Principal Financial and Accounting Officer for the Grayscale Horizen Trust (HZEN) and as a member of the Board of Managers of Grayscale Investments Sponsors, LLC.
Analysis · HZEN · Crypto Assets
Edward McGee, the Chief Financial Officer of Grayscale Investments Sponsors, LLC (the sponsor of Grayscale Horizen Trust), has stepped down for personal reasons. Kathryn Masci and Daniel Plourde, both experienced Senior VPs of Finance within Grayscale, have been appointed as interim Co-CFOs. Ms. Masci will also serve as the Principal Financial and Accounting Officer for the Grayscale Horizen Trust itself, ensuring continuity in financial oversight for the crypto asset trust.
At the time of this filing, HZEN was trading at $0.53 on OTC in the Crypto Assets sector. The 52-week trading range was $0.48 to $2.95. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.