Nathan Allman, the 32-year-old founder of Ondo Finance, has died unexpectedly. Ian De Bode, who served as the company's president, will step in as chief executive officer.
The founder's sudden passing
Allman's death was announced by the company. No cause has been given. He was 32. Allman founded Ondo Finance, a financial technology firm, and led it from inception. His unexpected death leaves a void at the helm of the young company.
A new CEO steps in
Ian De Bode, previously president of Ondo Finance, will now serve as CEO. The transition is effective immediately, according to the company. De Bode had been working closely with Allman in the leadership of the firm.
The company did not provide further details about Allman's death or any changes to its operations. De Bode now faces the task of leading Ondo Finance forward without its founder.
