Bitcoin Depot Founder Steps Down as CEO, to Be Succeeded by Operating Chief
By Nicholas G. MillerBitcoin Depot appointed current Chief Operating Officer Scott Buchanan as chief executive, effective Jan. 1, to succeed company founder Brandon Mintz, who will continue as executive chairman.Mintz will now dedicate more time to the company's strategic vision and evaluating growth and M&A opportunities, Bitcoin Depot said on Friday.Buchanan has held senior leadership roles at Bitcoin Depot since 2019, the Atlanta company said.Buchanan will receive a base salary of $850,000 and an annual cash bonus targeted at 75% of his salary. He will also receive a time-based restricted stock unit award with a target value of $1 million that will vest over three years, and he'll be eligible to receive an annual equity award with a target value of $1 million during Bitcoin Depot's next annual award cycle, the company said.The company also said it appointed Elizabeth Simer, former chief operating officer of Slickdeals, as its new operating chief.Write to Nicholas G. Miller at [email protected] & AmplificationsThis was corrected at 8:49 a.m. ET to clarify that Bitcoin Depot appointed current Chief Operating Officer Scott Buchanan as chief executive, effective Jan. 1.(14:51 GMT) Correction to Bitcoin Depot CEO ArticleBitcoin Depot appointed Scott Buchanan chief executive effective Jan. 1. "Bitcoin Depot Founder Steps Down as CEO, to Be Succeeded by Operating Chief," at 8:36 a.m. ET, omitted the Jan. 1 date.