Summary by Futu AI
On August 6, 2024, Hut 8 Corp. announced the appointment of Sean Glennan as the new Chief Financial Officer (CFO), effective August 21, 2024. Glennan, with a background as Managing Director in Citigroup's Global Power, Utilities & Renewables group, brings extensive experience in financial services to Hut 8. His appointment follows the departure of Shenif Visram, the outgoing CFO, who is leaving for personal, family-related reasons but will remain until Glennan's start date to ensure a smooth transition. Glennan's employment agreement includes a base salary, annual bonus, equity awards, and additional benefits. He will also be subject to non-competition, non-solicitation, non-disparagement, and confidentiality obligations. Hut 8, a leading Bitcoin miner and energy infrastructure operator, expects Glennan to contribute significantly to the company's strategic and financial goals.