As a reorganization move, Yuga Labs formed BAYC LLC, a new affiliated company. written by Katherine Ross. February 20, 2024 at 2:20 pm. Blockworks adapted an image originally created by T. Schneider/Shutterstock. Greg Solano, co-founder of Yuga Labs, revealed on Wednesday that he is resuming his role as CEO. Daniel Alegre, former CEO of Activision Blizzard, had taken over as CEO in January. Alegere took over from Nicole Muniz, who had been CEO for about a year. “I am thankful for the chance to lead this wonderful team and to engage with community members worldwide,” Alegere said. “Alegre expressed optimism about Yuga’s future in a post on X, while Solano stated he is excited to lead the way in the upcoming chapter,” said in a paraphrased version. He explained in his own post on X what the impact of the change will be for Yuga. Solano intends to free up the Bored Apes Yacht Club team. Learn more: Pudgy Penguins are approaching Bored Ape floor prices, supported by the CEO’s comprehensive strategy.