Top Executive Departs Trump-Backed Tech Firm Amid Controversy
In a surprise move, Andrew Northwall, the chief operating officer of Trump Media and Technology Group (TMTG), has tendered his resignation, effective September 28. The news was disclosed in a filing with the Securities and Exchange Commission on Thursday. Northwall, a seasoned tech veteran with strong ties to conservative circles, had been with TMTG since December 2021.
In a farewell message posted on Truth Social, Northwall expressed his desire to return to his entrepreneurial roots, stating that his “heart truly lies” in pursuing innovative ventures. The company has chosen not to publicly comment on the matter, instead opting to transition Northwall’s responsibilities internally.
Northwall’s departure marks the end of his tenure at TMTG, during which he played a key role in shaping the company’s strategy. Prior to joining TMTG, he briefly advised Parler, a right-wing social media platform that was forced offline in 2021 following the January 6th events.
As COO, Northwall received a salary, stock options, and a retention bonus worth $600,000. He also held 20,000 shares of TMTG stock, valued at approximately $323,000 based on the current market price. Additionally, Northwall was issued a promissory note worth $200,000, which he forfeited in exchange for 50,000 restricted stock units.
The announcement of Northwall’s resignation came as the market closed on Thursday, with TMTG stock closing up 2.3%. The company has not yet named a replacement for Northwall, but plans to fill the role internally.
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