Storj, a decentralized cloud-storage platform, promoted Colby Winegar to CEO, replacing Ben Golub, who led the company for more than six years and who will continue as executive chair.

Winegar was previously chief revenue officer, the Atlanta-based company said.

Before joining Storj, Winegar co-founded and led CrowdStorage, which at the time was the world's biggest distributed cloud-storage platform.

The Storj platform is backed by its own native token, STORJ. The cryptocurrency is trading around $0.47, according to CoinDesk data.

"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," Golub said in the statement.

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