09:08 AM EST, 11/17/2025 (MT Newswires) -- DeFi Technologies ( DEFT ) said Monday that it has named co-founder Johan Wattenstrom as chief executive officer and executive chairman, effective upon the departure of his predecessor.

Wattenstrom succeeds Olivier Roussy Newton, who has resigned but will be appointed as a strategic advisor to the company beginning in December, the company said.

Shares of the company were down over 4% in recent premarket activity.