On Wednesday, Dan Price resigned as CEO of Gravity Payments and Tammi Kroll, the COO,
Turned into named as the company’s new CEO, in line with a tweet from Price.
Price additionally said that his presence had turn out to be a distraction, pronouncing: “I also need to step other than
those responsibilities to focus complete time on fighting false accusations made in opposition to me. I’m now not going anywhere.”
Price won national interest in 2015 when he slashed his personal income to make sure his employees acquired at the least $70,000 a year.
During the pandemic, Gravity managed to avoid any layoffs. He told KIRO 7 News in March 2020 that
He had approached his people with a blunt evaluation: More than half of of the corporation’s business had dropped off the books,
almost overnight. As restaurants, stores and diverse groups closed their doorways,
the credit score card processing enterprise changed into looking at its personal large coronavirus pandemic fallout.,
“We don’t understand what’s going to happen, and I don’t have a solution for you,” Price recalls telling the employees at a meeting.