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AVAX One CEO Jolie Kahn Steps Down on July 3; Company Launches Successor Search

2026-07-06 16:32:08

AVAX-0.07%

According to The Block, AVAX One Technology (AVX), a Nasdaq-listed digital asset treasury company focused on Avalanche (AVAX), announced that CEO Jolie Kahn stepped down effective July 3 following a mutual agreement. The company's COO Pete Wylie Jr. has been appointed interim CEO while the board searches for a permanent successor.

Under a separation agreement signed July 5, Kahn will receive $160,000 in cash, reimbursement for certain medical insurance costs, and $250,000 worth of unregistered common shares, according to the company's SEC 8-K filing.

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