BNB Treasury Firm BNC Adds YZi Labs Leaders in Major Board Shakeup

• BNC added three YZi Labs-backed directors to strengthen governance and oversight.
• The agreement ends a governance dispute and withdraws shareholder actions.
• BNC launched a CEO search while maintaining focus on its BNB treasury strategy.

CEA Industries, operating as BNC, has reshaped its leadership structure through a cooperation agreement with YZi Labs. The deal ends a governance dispute between the two parties while adding experienced digital asset executives to the board and launching a search for new long-term leadership.

Board Expansion Ends Governance Dispute

BNC announced the immediate appointment of Ella Zhang, Alex Odagiu, and Matthew Roszak to its board of directors. The additions follow a cooperation agreement reached with YZi Labs on June 23, 2026.

The agreement also brings an end to YZi Labs’ consent solicitation campaign and related governance actions. As part of the settlement, YZi Labs agreed to withdraw records requests and other shareholder measures.

The newly expanded board now combines existing directors with executives who have extensive experience across blockchain, venture capital, and digital asset markets. In addition, both parties will work together to identify another independent director with expertise in digital assets, capital markets, and public company governance.

BNC Chair Carly Howard said the agreement reflects a collaborative approach designed to strengthen governance and support long-term shareholder value.

Leadership Transition Takes Shape

Alongside the board changes, BNC will establish a CEO search committee to identify a permanent executive leader. The company stated that candidates will be evaluated based on public company and digital asset experience.

Meanwhile, Alex Odagiu has been appointed Interim President and will report directly to the board during the transition period. Current Chief Executive Officer David Namdar will continue serving in his role while the search process moves forward.

The leadership changes are intended to create a more structured management framework as BNC continues expanding its presence within the BNB ecosystem. Furthermore, the company believes stronger governance practices will support future growth and operational stability.

YZi Labs Managing Partner Ella Zhang said digital asset treasury companies must focus not only on asset ownership but also on governance, capital allocation, and long-term strategy.

Focus Remains on BNB Treasury Strategy

BNC remains committed to its BNB-focused treasury strategy despite the governance overhaul. The company has positioned itself as a major public-market vehicle for exposure to the BNB ecosystem.

The newly appointed directors bring experience from organizations involved in blockchain infrastructure, venture investing, institutional finance, and Web3 development. Their expertise is expected to help guide BNC’s long-term strategy and governance standards.

Company representatives stated that the refreshed board structure, combined with leadership succession planning, creates a stronger foundation for future execution. As a result, BNC aims to strengthen its position at the intersection of digital assets and public capital markets.

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