MicroStrategy CEO switches up responsibilities to focus on strategy and Bitcoin

What

MicroStrategy’s CEO Michael Saylor has announced that he is leaving his role to become Executive Chairman of the company

Why

In an official statement, the former CEO explained that splitting the roles of Chairman and CEO will allow the company to better pursue its corporate strategies

What next

The company’s president, Phong Le has agreed to take over from Saylor

The story

Michael Saylor, CEO of business intelligence company MicroStrategy has announced that he will be stepping down from the chief executive role to an executive chairman role.

According to a statement, the move will allow Saylor to focus on the strategic future of the company, specifically Bitcoin acquisition and advocacy initiatives. 

Handing over control to the company’s president Phong Le, Saylor explained that “splitting the roles of Chairman and CEO will able us to better pursue our two corporate strategies of acquiring and holding Bitcoin and growing our enterprise analytics software business.”

To learn more about Bitcoin, visit our learning resource here.

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