Grayscale’s Chief Executive Officer, Michael Sonneshein, resigned from his position after contributing to its growth as the largest cryptocurrency asset management company globally during the last 10 years.
Grayscale appoints Peter Mintzberg, who presently leads strategy for Goldman Sachs’ asset and wealth management division, as a new CEO. Mintzberg will join Grayscale’s board of directors and the corporation on August 15, 2024.
Mintzberg has a track record as a C-suite executive in creating and implementing growth plans, with more than 20 years of experience working with top asset firms like BlackRock, OppenheimerFunds, and Invesco.
Michael Sonnenshein steps down to pursue other interests, and Mintzberg takes over as his successor. Edward McGee, the chief financial officer of Grayscale, will take over as the primary executive officer and be in charge of running the company during this interim time.
Barry Silbert, CEO of Grayscale’s parent firm, Digital Currency Group, commented on X, “Michael guided the firm through exponential growth & oversaw its pivotal role in bringing spot bitcoin ETFs to market, leading the way for the broader financial industry.”
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