Executives from WeWork, Lehman Brothers and miner US Bitcoin will serve on the board of the crypto lender’s successor, as will two members of Celsius’ own creditor committee
and hedge fund Arrington Capital, whose respective executives Asher Genoot and Michael Arrington will also sit on the board.
“Steve has been a serial entrepreneur and investor for over 25 years, founding and operating companies ranging from internet infrastructure, cloud software, communications, and crypto,” according to a brief resumé included in the court documents, which described him as the proposed CEO of the Delaware corporation, as yet unnamed but referred to in the filings as NewCo.
The NewCo board also includes Scott Duffy and Thomas DiFiore, the two co-chairs of Celsius’ creditor committee, which was consulted at major stages of the sale process to represent the interests of those owed money, and which got to appoint six of the nine board members. Duffy and DiFiore did not deliberate on their own appointment, and the procedure took place “after lengthy discussions with the Committee’s legal and financial advisors,” the filing said.
Other board members include Frederick Arnold, chairman of the holding company that is operating the estate of bankrupt Lehman Brothers; Elizabeth LaPuma, who heads the audit committee at commercial real estate company WeWork; and Emmanuel Aidoo, an investment banker from Perella Weinberg who had previously worked on the deal.
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