Cryptocurrency company Argo Blockchain plc (LON:ARB) announces that Peter Wall is stepping down from his positions as Chief Executive Officer and Interim Chairman to pursue other opportunities.

Argo intends to engage an executive search firm to assist with the process of selecting a Chief Executive Officer. The Board has appointed Chief Operating Officer Seif El-Bakly, CFA, as Interim CEO, and Mr. Wall has agreed to remain as an advisor to Argo over the next three months to support the transition. Matthew Shaw has been appointed Chairman of the Board.

Peter Wall said: “It has been a great privilege to have led Argo Blockchain over the past three years. It has been quite a journey, and we have come a long way. I am pleased to have recently led the successful Galaxy deal, and I thank all my colleagues at Argo for their dedication, support, and enthusiasm in driving Argo forward. Onwards and upwards!”

Argo also announces that Sarah Gow has resigned from her position as non-executive director on the Board due to health reasons.

Sarah Gow said: “It has been a tremendous privilege to serve on the Board of Argo, and I wish the Company every success for the future.”

Earlier in February, Argo Blockchain announced the resignation of Alex Appleton from his positions as Chief Financial Officer and Executive Director.