Zooko Wilcox is stepping down as the CEO of Electric Coin Company, the team behind privacy-focused cryptocurrency Zcash (ZEC).

ECC announced a change in leadership on Monday, with Josh Swihart promoted to replace Wilcox.

Picture of Wilcox speaking about the history of privacy on the internet. Source: ECC

Swihart previously worked at ECC as one of the firm’s vice presidents of growth from October 2018 to August 2023 but took four months off working as a part-time investor at investment services firm Denver Angels in Colorado, according to LinkedIn.

“We feel confident in Josh’s leadership — in finding product-market fit, unlocking new partnerships and collaboration, improving Zcash usability and increasing adoption,” ECC said in a Dec. 18 post.

“In addition to a vision for ECC and an optimistic passion for Zcash, Josh has a strong entrepreneurial, technical and product background,” the firm added.