Odaily Planet Daily News Arrington Capital founder Michael Arrington has withdrawn from the board of directors of the new company (NewCo) that succeeded Celsius, just 13 days after he agreed to join the company's board of directors.
The as-yet-unnamed company was formed by Celsius and will inherit Celsius' business. Ravi Kaza, who will replace Arrington, is part of Fahrenheit Holdings, the consortium that won the Celsius asset auction bid in May. Arrington's departure follows the appointment of three new board observers by NewCo.
Arrington posted on the But he remains fully supportive of the deal and looks forward to contributing "in ways other than being on the board". (The Block)