Ledger – a France-based hardware crypto wallet manufacturer – has undergone a major change in its managing position, as Pascal Gauthier has been promoted as the new CEO of the firm.

Specifically, Gauthier – who formerly joined the firm as an investor and president – has been appointed the new CEO, in charge of making strategic decisions and ensure the smooth delivery of Ledger’s products, according to a news report this week.

“I will focus all of my attention and energy on growing an amazing tech company on both the retail and enterprise side.” Gauthier expressed regarding the announcement.

As further stated in the report, Gauthier has reportedly replaced Eric Larchevêque – who has now taken the role of Executive Chairman of the Ledger’s Board – for the CEO seat. In a letter written by Larchevêque, he believed that the new position will give him more freedom to shift his focus entirely to “vision”, while at the same time “oversee regulator and government outreach, partnerships, customers, broader business relationships and technology thought leadership.”

Many other heavyweights in the cryptoworld have experienced a change in their leading roles throughout April. Fidelity Digital Assets – a blockchain-based crypto exchange platform – has recently hired Coinbase former executive Christine Sandler as its new Sales and Marketing Director. Sandler will handle customer service affairs, as well as be responsible for expanding the company’s involvement in new markets.