The CEO of GKFX Serkan Arli has resigned from the company’s board of directors, a filing with Companies House shows. There is no information on whether he will continue to execute his duties as chief executive officer of the company.
Finance Magnates has reached out for an update on the matter to GKFX and will update the article when an official response is received.
GKFX has recently been under the spotlight as the other major investor in the company, Kasim Garipoglu, has relinquished his position as CFO and stepped down from the company’s board in October this year.
How Entrepreneurs Fail at Blockchain StartupsGo to article >>
The firm appointed Rod Martenstyn as a new CFO at the time. He took over Garipoglu’s seat on the board of directors of GKFX.
At the time, the managing director of the firm, Brian Myers, commented to Finance Magnates that the changes are a part of a set of major developments.
Earlier this year Nick Beecroft joined the Board of GKFX as chairman. After leaving, Kasim Garipoglu committed to supporting the company as a shareholder.
The financial results of GKFX for 2016 have been stable. Despite a solid increase in revenues to £94.5 million during fiscal 2016, the firm posted an operating loss of £250,000 for the same period.