YZi Labs ends proxy war with BNB treasury company CEA Industries
Partner Alex Odagiu will serve as an interim president, pending a search for a new chief executive, while head of YZi Labs Ella Zhang and Matthew Roszak also appointed directors of CEA.
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Summary
- YZi Labs is entered a cooperation agreement with BNB treasury company CEA Industries (BNC) following a campaign aimed at overhauling the firm’s leadership and governance.
- Partner Alex Odagiu will serve as an interim president, pending a search for a new chief executive, with head of YZi Labs Ella Zhang and blockchain venture capitalist Matthew Roszak also appointed directors of CEA.
- YZi rejected suggestions that the settlement amounts to a takeover, a person close to the settlement told CoinDesk in an interview, describing it instead as a governance reset intended to unlock shareholder value.
