Yuga Labs, the company behind the popular Bored Ape Yacht Club NFT collection, has announced a significant leadership change with the return of co-founder Greg “Garga” Solano as CEO. Solano's return has been met with positive reactions from the community, with many expressing support and optimism for the future of Yuga Labs under his leadership. The company also announced the creation of a Bored Ape Yacht Club subsidiary. This leadership transition comes after Daniel Alegre's tenure as CEO, during which he was credited with contributing operational rigor and mentorship. The news of Solano's return has coincided with a notable increase in the floor price of Bored Ape Yacht Club NFTs, which saw a rise of 12.7% to 24.4 ETH.