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Eqonex CEO Steps Down Amid Talks of Potential Merger Options

CEO Richard Byworth will step down with immediate effect and be replaced by Chief Operating Officer Andrew Eldon on an interim basis.

By Jamie Crawley
Updated May 11, 2023, 4:08 p.m. Published Dec 20, 2021, 1:18 p.m.
(one photo/Shutterstock)

The CEO of digital assets financial services firm Eqonex is to step down as the company holds talks on a potential merger or takeover.

  • CEO Richard Byworth will step down with immediate effect and be replaced with chief operating officer Andrew Eldon on an interim basis, Eqonex announced Mondayhttps://www.sec.gov/Archives/edgar/data/1790515/000149315221031974/ex99-1.htmSINGAPORE.
  • Eqonex is “engaged in ongoing strategic discussions with third parties including the evaluation of merger or takeover options,” according to the statement.
  • These moves are being made as part of a broad review of the company’s strategic direction, with the pursuit of “transformational” opportunities, Chairman Chi-Won Yoon said.
Eqonex Group

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