Executive Shuffle Continues at NAGA As CCO Sam Chaney Leaves

The NAGA Group is experiencing a wave of executive changes as it navigates its impending acquisition by Capex.com. The latest departure is Sam Chaney, who served as Chief Commercial Officer (CCO) at NAGA. Chaney, a seasoned industry professional with a background that includes significant roles at INFINOX, Hantec Markets, OANDA, and GFT, joined NAGA Group just over a year ago.

Chaney's decision to step down marks a strategic pivot for NAGA Group amidst the merger process. His tenure was characterized by steering the company through challenging industry dynamics and pivotal corporate transitions. His departure coincides with a broader restructuring effort under the leadership of Octavian Patrascu, who is set to become the new CEO of the combined entity post-acquisition.

In a social media post announcing his departure, Chaney expressed gratitude for his time at NAGA and highlighted the company's resilience during the merger with Capex.com.

"I've made the bittersweet decision to step down from my role as Chief Commercial Officer at NAGA. This decision marks the beginning of an exciting new chapter in my career. During my time at NAGA I've had the privilege of working alongside an exceptional team, navigating significant changes, and contributing to the company's growth," he wrote.

Earlier this month, NAGA has successfully navigated the regulatory approval process necessary for its merger with Key Way Group Ltd., operating under the CAPEX.com brand​.