The managing director of blockchain project Power Ledger will stand down, leaving his high-profile co-founder to take his place.

David Martin, who has successfully managed the Perth-based start-up since its conception in 2016, will hand over the reigns to former investment banker Dr Jemma Green at the end of July.

‘Planned transition’

Power Ledger says Mr Martin will move to a non-executive director role in a “planned transition” and he will continue to be involved in strategic decisions and business development.

The company told Micky it drew inspiration from tech giant Google, which passed the CEO mantle from Eric Schmidt to co-founder Larry Page.

“The non executive director role allows me to focus more on my passion for energy system transformation,” Mr Martin said.

“I am proud that at Power Ledger we are a major contributor to transforming energy markets globally.”

The new boss

Dr Green, whose official title will be ‘executive chairman,’ will take the lead in the day-to-day management of the technology company, after returning from maternity leave.

The former Acting Mayor of the City of Perth, who was recently named the EY Fintech Entrepreneur of the Year and helped Power Ledger win Sir Richard Branson’s the Extreme Tech Challenge, says she is excited to continue the company’s strategy to “proliferate its energy trading software across the world.

“Power Ledger is three years old and we now have operations in the United States, Asia and Europe,” Dr Green said.

“Power Ledger has several co-founders and a strong leadership team so we are sharing

the responsibility between us.”

Power Ledger’s progress

Power Ledger says it is growing quickly with active projects in Australia, Thailand, Japan, Europe and the United States.

“In 2016 we started with one retirement village in Busselton. Now we have significant

opportunities in several countries to support trading electricity in an agile way,” Dr Green said.