Bolt CEO Ryan Breslow steps down
Bolt Financial's Ryan Breslow has stepped down from his role as chief executive officer, just weeks after the U.S. tech company reached an $11-billion valuation.
TechCrunch first reported the news early Monday, announcing that Breslow is relinquishing his role as CEO, one he has served in for the past seven years. Maju Kuruvilla, who joined the company as its chief product and technology officer in 2019 and became its COO in August of last year, will succeed Breslow, who will assume the role of executive chairman, the reported added.
Breslow confirmed the news in a series of Twitter posts on his personal account on Monday.
"Bolt has never done things the way others do. We embrace fearless decisions and ignore stigma. Today we are excited to announce yet another fearless decision. Maju Kuruvilla is Bolt’s new CEO," said Breslow in his opening tweet.
"Maju joined Bolt over a year ago, after an 8 yr [sic] run at Amazon during its most substantial growth years. Maju was one of the key execs at Amazon who ran Amazon’s Worldwide Fulfillment tech AND the Global Logistics business end to end, the most important biz [sic] unit within Amazon," he continued.
"By stepping UP as Executive Chairman, I will focus on my superpowers all day every day — like driving culture, landing deals, and thinking big. This change will allow me to be even more involved in the areas I care most about."
The announcement comes just weeks after Bolt, the one-click checkout solution company, closed on $355 million in Series E funding, taking its total fundraising amount to $1 billion, for a total valuation of $11 billion to-date.
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