Peter Mintzberg, Goldman Sachs’ Global Head of Strategy, will succeed Sonnenshein.
Edward McGee, the company’s current CFO, will assume control until August.
With his resignation, Michael Sonnenshein, CEO of Grayscale Investments, has ended his ten-year tenure with the firm. Peter Mintzberg, who is now Goldman Sachs’ Global Head of Strategy, will succeed Michael Sonnenshein, according to the Wall Street Journal (WSJ).
Michael Sonnenshein’s legacies are still plainly visible to everyone. As a result of his efforts, Grayscale Investments was able to expand into the leading crypto asset management organization in the industry.
Interim CEO Until August
As a result of Michael Sonnenshein’s unwavering support for the company’s product, the Grayscale Bitcoin Trust (GBTC) was approved by the US SEC to become a fully functional spot Bitcoin ETF.
Although the approval was good for the cryptocurrency industry as a whole, it was not without cost. In response to repeated denials, Grayscale sued the US SEC and ultimately prevailed, releasing the product into the market. Peter Mintzberg is expected to assume the role of chief executive officer in August, after his resignation.
Barry Silbert, Founder & CEO, DCG stated:
“Peter is an exceptional strategic leader with global expertise across the most prominent asset managers, which are critical ingredients as we position Grayscale for its next phase of growth.”
Edward McGee, the company’s current chief financial officer (CFO), will assume control until Michael Mintzberg arrives in August, but Sonnenshein’s retirement is effective immediately. Though unanticipated, the change exemplifies the company’s agility in bringing on board specialists it thinks will propel its goal forward.
Grayscale is renowned for moving important positions around throughout the company, as shown with the hiring of Donald Verrilli and the onboarding of Barry Berke.
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