Forward Industries has appointed Ryan Navi as chief investment officer to lead its Solana-focused treasury strategy. Navi brings experience from ParaFi Capital and KKR, managing digital assets. The company currently holds 6,910,568 SOL worth $863.5 million. In November, Forward authorized a $1 billion share repurchase program. Shares of Solana treasury companies have dropped due to SOL price decline. Forward Industries shares have fallen nearly 80% from a peak in September.

Read more at Cointelegraph: Forward Industries Names Ryan Navi CIO for Solana Treasury