SharpLink Gaming (SBET) said Friday it has named Joseph Chalom as co-chief executive officer.

SharpLink's current CEO Rob Phythian will remain on the board and transition to the role of president over the next quarter, the company said.

Chalom previously spent two decades at BlackRock (BLK), serving in various positions, including chief operations officer of BlackRock Solutions, SharpLink said.

SharpLink shares were 6% higher in recent premarket activity.