The issuer of the Stablecoin Tether announced on Thursday that Chief Investment Officer Richard Hitcot will leave his position and will be replaced by his deputy Zachary Lyons.

Hitcot is stepping down to focus on personal and family priorities, the company statement says. He will remain with the company as a non-executive consultant.

During its operation, Hitcot has built partnerships with some of the largest financial institutions in America, Tether reported.

Lyons, who will take the position of Chief Investment Officer, will oversee the company's investments in technologies and infrastructure that align with Tether's long-term vision.

The new Chief Investment Officer participated in Tether's acquisition of a stake in the Italian football club Juventus. In October 2025, Lyons was one of two candidates that Tether presented for consideration to join the board of Juventus.

Tether has built a portfolio of more than 120 companies through venture investments in recent years, as previously stated by the CEO. The company's investments include the purchase of a South American agricultural firm and stakes in Juventus.

Tether is the largest issuer of Stablecoin in the world, based in El Salvador, with $184 billion of its dollar-pegged crypto tokens in circulation.