ETHZilla Promotes John T. Saunders to Chief Financial Officer
Rhea-AI Summary
ETHZilla (Nasdaq: ETHZ) promoted John T. Saunders to senior vice president, chief financial officer, effective the first business day after the company's Form 10-Q for the quarter ended Sept 30, 2025 is filed. Saunders will report to CEO McAndrew Rudisill and the audit committee and will oversee financial strategy, reporting, internal controls, information technology and operations.
Saunders joined ETHZilla in August 2025, previously served as vice president, finance, and brings decades of experience including prior CFO roles, leadership at Bridger Aerospace, and leading Ascent Vision Technologies' sale and integration into CACI in 2020.
Positive
- Promotion confirmed: John T. Saunders named CFO effective after the 10-Q filing
- Role scope: Will oversee financial strategy, reporting, internal controls, IT and operations
- Experienced hire: Decades of finance and corporate development experience
- Relevant track record: Led sale and integration of Ascent Vision into CACI in 2020
- Recent hire: Joined ETHZilla in August 2025, already in finance leadership
Negative
- None.
News Market Reaction
On the day this news was published, ETHZ declined 8.16%, reflecting a notable negative market reaction. Argus tracked a trough of -3.6% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement removed approximately $23M from the company's valuation, bringing the market cap to $259M at that time.
Data tracked by StockTitan Argus on the day of publication.
In his expanded role, Saunders will oversee financial strategy, reporting and analysis, internal controls, information technology and operations. He previously served as vice president, finance.
"John is a talented and strategic financial leader with decades of experience in finance, accounting, treasury, capital strategy and operational transformation," Rudisill said. "His deep expertise in scaling high-growth companies, corporate development and mergers and acquisitions makes him an ideal fit for CFO as ETHZilla works to expand its position as a bridge between traditional finance and decentralized finance platforms."
Saunders is a senior finance executive with extensive leadership experience in high growth aerospace, defense and digital asset environments. He has held chief financial officer and vice president of finance roles for both public and private companies, leading teams through complex growth and transformation initiatives.
Prior to joining ETHZilla in August 2025, Saunders was the senior vice president of finance, capital markets at Bridger Aerospace, where he led strategic financial initiatives during a key growth phase. Saunders also previously served as CFO of Ascent Vision Technologies, LLC, where he supported the company's expansion and integration into complex defense markets and managed its sale to CACI International in 2020. He later led the integration of Ascent into CACI International. Saunders began his career in public accounting as a certified public accountant with Rudd and Co.
Saunders holds a master's degree in professional accountancy from Montana State University and a bachelor's degree in economics from Bates College.
Saunder's promotion to Chief Financial Officer is effective on the first business day following the filing of the company's Quarterly Report on Form 10-Q for the quarter ended September 30, 2025.
About ETHZilla
ETHZilla Corporation (Nasdaq: ETHZ) is a technology company in the decentralized finance (DeFi) industry. ETHZilla seeks to connect financial institutions, businesses and organizations worldwide by enabling secure, accessible blockchain transactions through Ethereum Network protocol implementations. It generates recurring revenues through various DeFi protocols that improve Ethereum network integrity and security. ETHZilla believes it has the unique capability to bring traditional assets on-chain via tokenization. Through its proprietary protocol implementations, ETHZilla facilitates DeFi transactions and asset digitization across multiple Layer 2 Ethereum networks. ETHZilla is working to offer tokenization solutions, DeFi protocol integration, blockchain analytics, traditional-to-digital asset conversion gateways, and other decentralized finance services. To learn more, visit ethzilla.com or follow us on X @ETHZilla_ETHZ or LinkedIn.
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SOURCE ETHZilla Corporation
FAQ
When does John T. Saunders become CFO of ETHZ (Nasdaq: ETHZ)?
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