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· nChain Group promotes chief business officer Jimmy Nguyen to CEO as Stefan Matthews becomes chairman

nChain Group Names Jimmy Nguyen Chief Executive Officer

nChain Group promoted Jimmy Nguyen from chief business officer to chief executive officer on December 5, 2017, as prior CEO Stefan Matthews moved into the chairman's seat.

Updated on 2 min read · 3 sources

The move at a glance

The Moves Ledger, event W0219
Role
Chief Executive OfficerChief executive
Organization
nChain
In or out
InAppointed Chief Executive Officer
Became public
The first dated public source, UTC
From above of blue notebook papers calculator marker and pens on wooden office table
From above of blue notebook papers calculator marker and pens on wooden office table. Photo · Pexels
“Jimmy Nguyen, nChain Group's new chief executive, called the possibilities for Bitcoin and blockchain technology truly infinite on December 5, 2017, the day his predecessor, Stefan Matthews, took the chairman's seat. Did Nguyen's 15 months in the role deliver the expansion Matthews described?”

Jimmy Nguyen became chief executive officer of nChain Group on December 5, 2017. The London-based blockchain research firm announced the promotion on PR Newswire, lifting Nguyen from chief business officer1. Stefan Matthews held that job before him. He moved into the chairman's seat that day, December 5, 2017.

Five leadership moves at nChain on the record since 2017

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
    DateEvent
    Dec. 5, 2017Nguyen became CEO. Jimmy Nguyen was named Chief Executive Officer of nChain
    March 7, 2019Nguyen left as CEO. Jimmy Nguyen left as Chief Executive Officer of nChain
    March 7, 2019Washburn became CEO. David Washburn was named Chief Executive Officer of nChain
    Oct. 20, 2021Washburn left as CEO. David Washburn left as Chief Executive Officer of nChain
    Oct. 20, 2021Yuksel became CEO. Hakan Yuksel was named Chief Executive Officer of nChain

    Three CEO appointments on the record in 2017

    CEO appointments CryptoLately has verified, by year

    • 2017: 3
    • 2016, 2018, 2019, 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
      ItemValue
      20162
      20173
      20184
      20198
      20207
      20216
      202218
      202317

      The handoff

      nChain Group's release listed Nguyen's prior titles. He had served as chief business officer, and before that as chief intellectual property, communications and legal officer1. BlockTribune ran its own report on December 5, 2017. The outlet called nChain "a research and development firm for blockchain technologies" and confirmed Matthews moved to chairman2.

      Matthews explained the timing of the handoff inside the release he and Nguyen both signed onto. “The nChain Group's business activities are rapidly expanding, making this the perfect time for Jimmy to assume leadership of our global organization while I continue providing strategic oversight as Board Chairman,” Matthews said1. Nguyen answered in kind. “The 'n' in nChain stands for infinite. The possibilities for Bitcoin and blockchain technologies are truly infinite, and I am honored to lead the nChain Group on its journey to enable infinite innovation through Bitcoin Cash,” Nguyen said.

      nChain before and after

      Nguyen spent 21 years as a lawyer before nChain. He was most recently a partner at Davis Wright Tremaine, according to the release1. nChain Group ran four units. Blockchain research sat inside nChain Limited, intellectual property inside nChain Holdings Limited, and investments inside nChain Reaction. A fourth unit, nCrypt, ran a Bitcoin wallet and exchange in Canada due to rebrand as nTrust in early 2018. More than 60 researchers and engineers worked across London and Vancouver, the release said, and Nguyen would keep traveling worldwide rather than settle at either office.

      What came next

      Nguyen ran nChain for 15 months. nChain named David Washburn as his successor on March 7, 2019, and said Nguyen would chair its Strategic Advisory Board3. He also became founding president of the Bitcoin Association, a group built to grow Bitcoin SV.

      Sources

      1. "nChain Group Appoints Jimmy Nguyen as Chief Executive Officer," PR Newswire, Dec. 5, 2017, https://www.prnewswire.com/news-releases/nchain-group-appoints-jimmy-nguyen-as-chief-executive-officer-300566907.html
      2. Bruce Haring, "Blockchain's nChain Group Names Jimmy Nguyen CEO," BlockTribune, Dec. 5, 2017, https://blocktribune.com/blockchains-nchain-group-names-jimmy-nguyen-ceo/
      3. "Blockchain innovator nChain appoints David Washburn as CEO," nChain (via CoinGeek), March 7, 2019, https://coingeek.com/blockchain-innovator-nchain-appoints-david-washburn-as-ceo/

      Cite this piece

      Ryan Elliott Dennis, "nChain Group Names Jimmy Nguyen Chief Executive Officer," CryptoLately, Dec 5, 2017, https://cryptolately.com/articles/nchain-group-names-jimmy-nguyen-chief-executive-officer

      Tags: nChain · Jimmy Nguyen · Bitcoin Cash · CEO succession

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