On April 24, 2019, Ledger named its president, Pascal Gauthier, chief executive officer, the company said in a blog post from its leadership1. Founder Eric Larchevêque moved into the role of executive chairman that same day. “Ledger has seen year-over-year growth since I've been here, and it's been a privilege, and an incredible challenge, to help grow this company into what it has become,” Gauthier said in the post.
Five leadership moves at Ledger on the record since 2018
Every move CryptoLately has verified there, by the day it became public
Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.
Read the chart as a table
| Date | Event |
|---|---|
| Nov. 26, 2018 | Skalkotos became Global Head of Ledger Vault. Demetrios Skalkotos was named Global Head of Ledger Vault of Ledger |
| April 24, 2019 | Gauthier became CEO. Pascal Gauthier was named Chief Executive Officer of Ledger |
| Dec. 5, 2019 | Guillemet became CTO. Charles Guillemet was named Chief Technology Officer of Ledger |
| March 20, 2026 | Andrews became CFO. John Andrews was named Chief Financial Officer of Ledger |
| Sept. 9, 2026 | Blatman became Chief Information Officer. Oded Blatman was named Chief Information Officer and Chief Security Officer of Ledger |
Eight CEO appointments on the record in 2019
CEO appointments CryptoLately has verified, by year
- 2019: 8
- 2016, 2017, 2018, 2020, 2021, 2022, 2023
Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.
Read the chart as a table
| Item | Value |
|---|---|
| 2016 | 2 |
| 2017 | 3 |
| 2018 | 4 |
| 2019 | 8 |
| 2020 | 7 |
| 2021 | 6 |
| 2022 | 18 |
| 2023 | 17 |
The move
Larchevêque pointed to Ledger's own growth as the reason for the change. He had started the company in 2014 with seven co-founders. “2017 and 2018 have been crazy, forcing us to scale the company at an intense pace,” he wrote1. Ledger employed 180 people across five sites by the time of the announcement. Managing that complexity, Larchevêque said, had left him “spending all my time on day-to-day execution at the expense of critical high level strategic thinking”. Cointelegraph reported on April 24, 2019, that Gauthier, described as "a seed investor and board member," had initially joined Ledger as its president2.
Why move the founder up rather than out? Larchevêque kept decision-making power over strategy while handing daily execution to Gauthier. He would focus on “strategy and vision, while also overseeing regulator and government outreach, partnerships, customers, broader business relationships and technology thought leadership”1. Gauthier, in turn, took charge "of executing on the strategy and delivery of our products," Larchevêque wrote.
Ledger before and after
Before becoming chief executive, Gauthier had joined Ledger as president after serving as a seed investor and board member, and he helped build what Larchevêque called "an organization fit to face the many challenges we have encountered" during the 2017-2018 scaling stretch1. Ledger's product line centered then on hardware wallets for retail customers, led by the Ledger Nano X. Ledger had also built Ledger Vault, an enterprise product for institutional investors, family offices and exchanges.
Gauthier framed his new role around widening that customer base. “While countless retail hodlers trust Ledger to secure their crypto, companies who manage huge amounts of crypto, like institutional investors, family offices and exchanges are also starting to trust us,” he said1. Cointelegraph noted the appointment landed amid a wave of similar moves that April. Fidelity Digital Assets, for one, had just named former Coinbase executive Christine Sandler as its head of sales and marketing2.
What came next
Gauthier remained Ledger's chief executive for years afterward. Nearly seven years later, on March 24, 2026, The Block reported that Ledger had completed a $50 million secondary share sale in the fourth quarter of 2025, led by Gauthier and giving an early investor liquidity3. Gauthier told Bloomberg, in remarks The Block cited, that Ledger could remain private "forever," though a public listing stayed "not off the table." "My job is to prepare the company for all eventualities," he said. Ledger had last raised primary capital in 2023 at a roughly $1.5 billion valuation, and it had explored a U.S. listing that could value the company above $4 billion, The Block reported. Days earlier, Ledger had named former Circle executive John Andrews as chief financial officer and opened a New York office, according to the same report.
Sources
- Ledger, "A Letter from Ledger's Leadership," Ledger, April 24, 2019, https://www.ledger.com/a-letter-from-ledgers-leadership
- Ana Alexandre, "Ledger Appoints Its President Pascal Gauthier as New CEO," Cointelegraph, April 24, 2019, https://finance.yahoo.com/news/ledger-appoints-president-pascal-gauthier-212500601.html
- Kyle Baird, "Ledger discloses $50 million Q4 secondary sale as IPO plans remain open," The Block, March 24, 2026, https://news.google.com/rss/articles/CBMitwFBVV95cUxOaDVEU0FFVjJsVUQta1pFU3JsVWUwOW5TQ0dsYmdtUXFRNUlraHF0MGR4Z25DUVBNYVVPYXpJN0J3SXN5V2xWRkV4bFdRaDdBYTNhMnBubTcxR3VYRURwc1Zyb20wYjJsVGVMSllPdlJTMEt6dDY1N3JRNV90Sk9SdmJ5dU13anlaLUFNT2xESHlzR3F4SmpuYlA2ZkJCLU1zOENXTXBidVU5U2JIaXdxY3VHemgzNDg?oc=5