Storj, a decentralized cloud-storage platform, has elevated Colby Winegar to the position of CEO. He succeeds Ben Golub, who will stay on as executive chair after leading the company for over six years.

Previously, Winegar was the chief revenue officer at Storj. Before his tenure at Storj, he co-founded and managed CrowdStorage, recognized as the largest distributed cloud-storage platform at that time.

The Storj platform operates on its native token, STORJ, which is currently priced at approximately $0.47, based on data from CoinDesk.

"Colby has been instrumental to Storj's most significant developments, including the acquisitions of Valdi and PetaGene this year, to cultivating outstanding customers and building an award-winning partner ecosystem," said Golub in a statement.