DigitalX Limited, an ASX-listed company (ASX: DCC) known for its work in digital assets, has announced the resignation of its Chief Executive Officer, Lisa Wade. Her departure, effective 3 September 2024, comes after a tenure that began in February 2022. The company’s Board has expressed its gratitude for her contributions, particularly noting her role in the launch of DigitalX’s spot Bitcoin ETF earlier this year.
Lisa Wade’s resignation marks a significant moment for DigitalX, a company that has been at the forefront of integrating digital assets and blockchain technology into modern business practices. During her time as CEO, Wade was a passionate advocate for the potential of digital assets and Web3 infrastructure to revolutionise the business landscape. Her leadership saw the company navigate through the complexities of launching a Bitcoin ETF, a milestone that was well-received in the market and by the company’s stakeholders.
The decision for Wade to step down has been mutually agreed upon with the Board, according to the company’s announcement. As the search for a new CEO begins, Greg Dooley, a Non-Executive Director of DigitalX, will take on the role of Interim CEO on a part-time basis. Dooley brings extensive experience to the table, having previously served as the Managing Director of the Australian division of Computershare, a global share registry and services company.
In his interim role, Dooley will be compensated with an additional $10,000 per month on top of his current director fees. His appointment is expected to last no more than six months, during which time the company will be actively seeking a permanent replacement. The transition period will be critical for DigitalX as it focuses on maintaining momentum and achieving key financial targets.
Toby Hicks, the Chair of DigitalX, praised Wade’s dedication to the company and the broader digital assets space. He highlighted her significant contributions, especially in the successful launch of the Bitcoin ETF, which has positioned DigitalX as a noteworthy player in the evolving digital finance sector. Hicks also outlined the Board’s immediate priorities, which include steering the company towards a cashflow positive position by expanding its current operations and exploring new opportunities.
The leadership change comes at a pivotal time for DigitalX, as the company continues to adapt to the fast-evolving digital assets market. The strategic direction during this interim period will be closely watched by investors and industry observers alike, particularly in light of the company’s recent achievements and future potential.
While the search for a new CEO is underway, the Board’s focus will be on ensuring stability and continued growth. The appointment of an experienced interim CEO like Dooley is expected to provide the necessary leadership during this transition. His background in managing large, complex organisations could prove invaluable as DigitalX navigates the challenges and opportunities that lie ahead.
As DigitalX embarks on this next chapter, the company’s stakeholders will be keen to see how the leadership transition influences its strategic direction and ability to capitalise on the growing interest in digital assets. The digital assets space is one of rapid change and innovation, and the new CEO will need to bring both vision and execution capabilities to maintain DigitalX’s competitive edge.
The company’s future moves, particularly in terms of business expansion and financial performance, will likely be scrutinised as indicators of the effectiveness of this leadership transition. Investors and partners will be watching closely to see how DigitalX continues to leverage its expertise in digital assets to deliver value and achieve its growth objectives.
Lisa Wade leaves behind a legacy of passionate advocacy for digital assets and a series of accomplishments that have set a strong foundation for the company’s future. As DigitalX looks forward to its next phase under new leadership, the focus will remain on driving innovation and ensuring that the company stays at the cutting edge of the digital assets industry.
