Argo Blockchain Appoints Thomas Chippas as CEO and Director
London Stock Exchange and Nasdaq-listed Bitcoin mining company Argo Blockchain announces the appointment of Thomas Chippas as its new CEO and Director.
Argo Blockchain, a prominent Bitcoin mining and technology company, has announced the appointment of Thomas Chippas as its new CEO and Director. The London Stock Exchange and Nasdaq-listed company aims to leverage Chippas’ extensive experience in digital assets and financial services to drive operational excellence and stakeholder value. This appointment comes at a crucial time for Argo, following recent leadership changes and market challenges.
A Proven Leader in Technology and Finance
Thomas Chippas, based in New York, brings a wealth of experience to Argo Blockchain. He was most recently the CEO of CBOE Digital and a former member of its board of directors. Chippas also founded and led crypto trading platform ErisX, which was acquired by CBOE in 2021. Prior to this, he served as the CEO of Citadel Technology, COO of Axoni, and held senior positions at Citigroup, Barclays, and Deutsche Bank. With his deep understanding of digital assets and financial services, Chippas is well-positioned to lead Argo into its next phase of growth.
Incentives and Performance Criteria
As part of his appointment, Chippas is eligible to receive up to 2.85 million units relating to Argo’s American Depositary Shares. These units will vest over a three-year period, subject to continued employment and meeting specific performance criteria. This incentivization aligns Chippas’ interests with the long-term success of the company.
Argo’s Pursuit of Innovation
Chippas emphasized the importance of innovation in the Bitcoin mining industry, particularly in anticipation of the Bitcoin halving and beyond. The industry is constantly evolving, with miners seeking greater efficiency and capacity. Together with the Argo team, Chippas aims to seize the opportunities that lie ahead and position the company as a leader in the field.
Additional Performance Share Units
Argo’s board plans to grant additional performance share units to Chippas on the first and second anniversaries of his appointment. This aligns with the company’s shareholder-approved remuneration policy and its authority to issue new securities. These incentives further motivate Chippas to drive the company’s success and create value for stakeholders.
Conclusion:
The appointment of Thomas Chippas as CEO and Director of Argo Blockchain marks a significant milestone for the company. With his extensive experience in digital assets and financial services, Chippas is well-equipped to lead Argo into a new era of growth and innovation. As the Bitcoin mining industry continues to evolve, Argo aims to stay at the forefront by driving operational excellence and pursuing opportunities for greater efficiency and capacity. The company’s board is confident that Chippas’ leadership will create value for shareholders and position Argo as a leader in the industry.