Leverate, a financial technology provider to the forex and binary options industry, has announced that its CEO, Ran Strauss is stepping down from the position.
Strauss will continue to be affiliated with the firm, holding a non-executive board position, as well as continue to remain a major shareholder of the company. Leverate expects to announce a replacement within the next few weeks, with Strauss remaining the CEO during this period.
According to prepared comments from Strauss, the exit as CEO was a decision in the making, stating that “It has been a very hard decision for me personally that I have been considering for a while”. He explained that “On one hand I have overseen the strong growth of Leverate to a point of maturity”, however adding “On the other hand I have committed myself 24/7 to the day to day management of the company for seven years and wish to hand over the reins.”
Strauss concluded that “Leverate remains firmly in my blood and I will continue to be a shareholder and board member – I am very proud of what we have managed to achieve”.
A co-founder of Leverate, the move is the latest changes at the top for the firm. At the end of 2013, Doron Cohen, who had held a Co-CEO position with Strauss, exited from that position, becoming the Chairman of the Board. Also, in December of 2014, it was announced that Leverate’s founders had bought back a 25% position in the company that had been sold to Saxo Bank.
Commenting about Strauss’s exit, Doron Cohen, stated “Four of us started this journey together and remain close as the company has grown to over 150 employees in four offices around the world. Ran’s commitment has been a major factor in this growth. In the coming weeks, we hope to announce a new CEO who will continue the work we have started at Leverate. Ran will remain in place as CEO until the person is in place and a full handover has been made.”