Rod Bolger takes over for Yaron Shalem, who was arrested in November in Tel Aviv in connection with Israeli crypto mogul Moshe Hogeg.
Celsius has appointed Rod Bolger, the former chief financial officer of RBC, Canada’s largest bank, as its new CFO.
The appointment brings Bolger’s experience in M&A and IPO transactions to Celsius, according to the firm’s announcement on Tuesday. He previously worked for Bank of America and Citigroup.
CEO Alex Mashinsky has been increasing the size of his senior management team. Aslihan Denizkurdu was named chief operating officer earlier this year, and Tushar Nadkarni joined as chief growth and product officer in November.
Bolger takes over for Yaron Shalem, who was arrested in November in Tel Aviv in connection with Israeli crypto mogul Moshe Hogeg. He served as CFO for Singulariteam, a venture capital firm founded by Hogeg, from January 2014 to March 2018.
According to an Israeli police statement at the time, Shalem was one of seven people arrested in connection with an investigation into Hogeg for “committing fraudulent offences in the field of cryptocurrencies amounting to hundreds of millions of shekels.”
Celsius announced on Twitter that it had been made aware of a police investigation in Israel involving one of its employees, who had been immediately suspended. “While this has nothing to do with the employee’s time or work at Celsius Network, the employee was immediately suspended,” the company stated.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
