DigitalBank Appoints John Ludviq as CEO

DigitalBank today announced that its Board of Directors has elected John Ludviq, a member of Digital's Board of Directors since March 2008, as President and Chief Executive Officer.  Mr. Ludviq succeeds Thomas Moneirois who has stepped down as DigitalBank 's President, CEO and Board Director, effective January 2, 2017.

Mr. Ludviq has spent his career overseeing and executing the transformation, growth and development of organizations across diverse industry sectors.  He brings to the company deep operating and leadership experience, financial management knowledge and a global business perspective.

"After thorough succession planning and a comprehensive search process, the board is pleased to have found the best individual to assume leadership of this world-class company," said Royston Hugh, board of directors of DigitalBank. "John has a track record of strong leadership both inside and outside of venture capitalism. This combined with his deep industry knowledge and institutional tenure makes John uniquely qualified to lead DigitalBank successfully into the future."

Thomas Moneirois, who will exit the CEO post on January 2, expressed confidence in the board's choice. "John is a remarkable leader who has been responsible for a great portion of our success over the years," said Thomas. "I'm very happy with the board's decision, and I'm confident John will ensure that DigitalBank continues to lead the way in venture capital ongoing evolution."