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Grayscale CFO Edward McGee steps down after seven years
Grayscale named Kathryn Masci and Daniel Plourde as interim co-CFOs after McGee resigned effective July 2.
Grayscale’s CFO Edward McGee stepped down after seven years at the crypto asset manager, according to a U.S. Securities and Exchange Commission filing cited by CoinDesk.
McGee resigned effective July 2 for personal reasons, and the filing said it was not due to any disagreement with the company’s operations, policies, or practices. Grayscale appointed Kathryn Masci and Daniel Plourde as interim co-chief financial officers, with Masci also serving as the principal financial and accounting officer and joining the board of managers.
CoinDesk also reported that the leadership change follows the recent departure of John Hoffman, Grayscale’s managing director and head of distribution and partnerships, who left for Ondo Finance earlier in the month.
The executive exits come as Grayscale has delayed plans for a U.S. IPO. CoinDesk said the Stamford, Connecticut-based firm confidentially filed for an initial public offering in November, but paused IPO preparations due to market conditions.