John Penver joined the Company in July 2024 as Chief Financial Officer and in August 2024 was appointed as Interim Chief Executive Officer, whilst the Company undertakes the search for a permanent Chief Executive Officer.
Interim Chief Executive Officer and Chief Financial Officer
John Penver joined the Company in July 2024 as Chief Financial Officer and in August 2024 was appointed as Interim Chief Executive Officer, whilst the Company undertakes the search for a permanent Chief Executive Officer.
He has an extensive career as a Chief Financial Officer for multiple publicly-traded companies supporting the data center infrastructure and equipment markets, overseeing all aspects of financial strategy and management, public reporting, treasury, risk management and compliance, with experience managing HR, IT and operations.
Prior to joining the Company, Mr. Penver served for 10 years as the Chief Financial Officer for publicly-traded TSS, Inc., a data center service company that integrates AI and high performance computing infrastructure and software. Prior to TSS, Mr. Penver was the Chief Financial Officer for Fallbrook Technologies, Inc., a privately-held manufacturer of mechanical transmission systems and technologies.
He also served as the Chief Financial Officer and company secretary for Active Power, Inc., a publicly-traded manufacturer of uninterruptible power systems and modular infrastructure solutions for data centers.
Mr. Penver has also held a number of senior financial leadership positions including with Silicon Gaming, Inc. (Nasdaq:SGIC), Factor Logic, Inc. and Deloitte & Touche LLP in the United States and Australia.
Mr. Penver has an MBA from Santa Clara University and a Bachelor of Business degree from Monash University (Australia). He is a Certified Public Accountant and is also a Chartered Accountant.
Elizabeth A. LaPuma has served as a director of Ionic Digital since the Plan Effective Date.
Elizabeth A. LaPuma has served as a director of Ionic Digital since the Plan Effective Date.
Elizabeth A. LaPuma has served as a director of Ionic Digital since the Plan Effective Date. Ms. LaPuma brings over two decades of financial advisory and board expertise across diverse industries.
With a strong background in originating and structuring complex financial transactions, she is a trusted advisor to numerous business leaders. Ms. LaPuma currently chairs the Audit Committee and is on the Compensation and Governance Committees at The We Company (WeWork). Additionally, Ms. LaPuma is a board member for other businesses within the fintech, artificial intelligence, healthcare, consumer, and real estate sectors.
Prior to these roles, from January 2020 to August 2023, Ms. LaPuma was a Managing Director and Head of Balance Sheet Advisory at UBS. Prior to UBS, from July 2013 to January 2020, she was a Managing Director and head of Asset Management Services at Alvarez & Marsal, advising governments and financial institutions on diverse assets. Ms. LaPuma’s earlier career includes roles at BlackRock, Lazard Frères & Co. LLC, Credit Suisse and Perella Weinberg Partners L.P.
Ms. LaPuma received her Master of Business Administration in Finance as a Palmer Scholar, Bachelor of Science in Finance and Bachelor of Arts in International Relations, magna cum laude, from the Wharton School and The School of Arts and Sciences at the University of Pennsylvania.
Ms. LaPuma has been selected to serve as a Director due to her financial advisory experience.
Emmanuel Aidoo has served as a director of Ionic Digital since the Plan Effective Date.
Emmanuel Aidoo has served as a director of Ionic Digital since the Plan Effective Date.
Emmanuel Aidoo has served as a director of Ionic Digital since the Plan Effective Date. Mr. Aidoo is a recognized leader in digital assets advisory, private capital, and restructuring banking.
He has a strong track record in navigating complex financial landscapes, specializing in digital assets, blockchain technology, and innovative investment solutions. Since 2021, Mr. Aidoo has been the Head of Digital Assets Advisory at Perella Weinberg Partners, where he leads the digital assets advisory division, driving growth and positioning the firm as a market leader in blockchain and cryptocurrencies.
Mr. Aidoo previously worked at Credit Suisse AG for over two decades, from 1997 to 2021, where he served as Head of Digital Assets Markets from 2019 to 2021 and advanced the firm’s blockchain strategy.
Mr. Aidoo’s achievements include pioneering proof-of-concepts, strategic investments in blockchain projects, and thought leadership in the global blockchain community. He has been recognized by Forbes on their Blockchain 50 list (2020), Business Insider’s list of Top 10 Transforming Finance (2019) and American Banker (2018).
He has also served as a member of the World Economic Forum (WEF) Digital Asset Steering Committee and as the Chair of SIFMA’s Blockchain Roundtable.
Mr. Aidoo received a degree in Computer Science at Brunel University in Uxbridge, England.
Mr. Aidoo has been selected to serve as a Director due to his financial advisory experience.
Thomas DiFiore has served as a director of Ionic Digital since the Plan Effective Date.
Thomas DiFiore has served as a director of Ionic Digital since the Plan Effective Date.
Thomas DiFiore has served as a director of Ionic Digital since the Plan Effective Date.
Since 2021, Mr. DiFiore has served as the President of DOBAC LLC, which advises on business management. From 2015 to 2021, he was the Dealer Principal at Fullerton Auto Group since 2015.
As an early bitcoin adopter, he started a mining company that successfully solo mined over 200 blocks. For more than eight years, Mr. DiFiore has been a member of the Advisory Council for the Somerset Patriots, the Yankees AA affiliate team.
Additionally, he leads a business consulting firm focused on operational and management strategies and serves as the President of a reinsurance business, managing both claims and investment decisions for the asset pool.
Mr. DiFiore attended Gettysburg College, where he was a member of the football program.
Mr. DiFiore was selected to serve as a Director due to his experience with digital assets and bitcoin mining.
Scott Duffy has served as a director of Ionic Digital since the Plan Effective Date.
Scott Duffy has served as a director of Ionic Digital since the Plan Effective Date.
Scott Duffy has served as a director of Ionic Digital since the Plan Effective Date.
Since December 2017, Mr. Duffy has been the CEO of ICB Solutions, Inc. where he has grown assets from under $2,500 to over $60 million since 2011.
With a keen interest in cryptocurrency, Scott has mined bitcoin, participated in Ethereum’s growth, and developed a successful e-commerce partnership grossing over $250,000 annually.
He has contributed to organizations like the Association of Governmental Accountants, American Society of Military Comptrollers, Ohio State Bar Association, and Nationwide Mutual Insurance Company.
Scott currently co-chairs the Official Committee of Unsecured Creditors at Celsius Network, contributing to negotiations, mining strategy, and fostering cooperation among stakeholders.
He was previously an accountant at Defense Finance and Accounting Service (DFAS) in Columbus, where he managed complex operations, including ERP system deployments and financial system integration.
Scott holds a Bachelor of Science in Finance and Business Administration from Ohio Dominican University.
Mr. Duffy has been selected to serve as a Director due to his experience with digital assets.
Scott Flanders has served as a director of Ionic Digital since July 2024.
Scott Flanders has served as a director of Ionic Digital since July 2024.
Scott Flanders has served as a director of Ionic Digital since July 2024.
Mr. Flanders is a seasoned executive with extensive experience in the media, entertainment, and technology industries.
He is currently the Chairman of two publicly listed companies, FTHM and DMS, and brings a wealth of leadership and governance expertise to the Ionic Digital board.
Mr. Flanders has a distinguished career, having served as the CEO of several prominent companies, including eHealth, Inc., Playboy Enterprises, Freedom Communications, and Columbia House.
As the CEO of eHealth, Inc., a position he has held since May 2016, Mr. Flanders developed and executed a strategic growth plan that significantly expanded the company’s market share in the Medicare Advantage and small business insurance markets.
His leadership was also pivotal in transforming Playboy Enterprises into a brand management company, significantly enhancing shareholder value prior to the company’s transition to private ownership.
Earlier in his career, Mr. Flanders was the President of Macmillan Publishers from 1986 to 1998, where he played a key role in establishing the company as the world’s largest computer book publisher, driving revenues from $5 million to $500 million.
He also co-founded Telstreet, an e-commerce company that merged with Buy.com in 2000. Mr. Flanders is both an attorney and a Certified Public Accountant (CPA), and he holds a Bachelor of Arts in Economics from the University of Colorado and a Juris Doctor from the Maurer School of Law at Indiana University.
Mr. Flanders has been selected to serve as a Director due to his extensive executive leadership experience and his proven ability to drive growth and innovation in complex industries.
Mac Gardner has served as a director of Ionic Digital since June 2024.
Mac Gardner has served as a director of Ionic Digital since June 2024.
Mac Gardner has served as a director of Ionic Digital since June 2024.
Mr. Gardner is a seasoned executive with a distinguished career in financial services, consumer products, and corporate governance.
He retired in 2008 from Merrill Lynch & Co., Inc., where he held key leadership roles including Head of the Americas Region and Global Bank Group for the Global Private Client division.
During his tenure at Merrill Lynch, Mr. Gardner also served as Finance Director and led the firm’s insurance and retirement groups, contributing significantly to the company’s growth and client service excellence.
Before joining Merrill Lynch in 2000, Mr. Gardner was the President and Chief Operating Officer of Helen of Troy Limited, a leading manufacturer of personal care products.
His extensive board experience includes serving as Chairman of the Board at Spirit Airlines, Inc. since 2013, where he has been a director since 2010.
He has also served on the boards of several other companies across diverse industries, including Brilliant Light Power, Isola Group, Blucora, Inc., and TeamSnap, Inc.
Mr. Gardner’s governance experience is further demonstrated by his roles on and chairing of various audit, compensation, and nominating and governance committees.
In addition to his corporate work, Mr. Gardner has been committed to philanthropic efforts, having served on the board of Positive Tracks, a non-profit organization focused on youth development in New Hampshire’s Upper Valley, from 2016 through 2023.
He holds a Bachelor of Arts in Religion from Dartmouth College.
Mr. Gardner has been selected to serve as a Director due to his extensive experience in financial services, his leadership in corporate governance, and his strategic insights across various industries.