Kraken introduced the appointment of Dave Ripley as the corporate’s new CEO.
The management succession plan was initially publicized in September 2022. Nevertheless, with impact from April 27, Ripley takes over from Jesse Powell – who strikes to his new function as Chairman of the Board.
Kraken shores up its management crew
In a weblog put up, Kraken mentioned since asserting Ripley’s appointment, the management crew has been working to attain a easy transition, guaranteeing the corporate is primed for “the subsequent section of development beneath Dave’s management.”
This included appointing new senior executives Man Hirsh as Managing Director for North America, CJ Rinaldi as Chief Compliance Officer, and Dan Ciporin as Board Member to shore up operations for the challenges forward.
Rolling out new merchandise within the Kraken NFT market and Kraken Professional buying and selling interface. And efficiently making use of for an Irish Digital Asset Service Supplier license whereas working towards a Canadian “Restrictive Seller” registration.
Who’s Dave Ripley?
Ripley held the Kraken COO place for nearly seven years, from October 2016 earlier than the appointment. Beforehand, he co-founded and was the CEO of blockchain agency Glidera, which Kraken purchased out in December 2016.
Earlier than that, Ripley labored as a guide and venture lead. He additionally has software program engineering and improvement expertise.
Commenting, Powell congratulated Ripley, saying it’s a brand new period for Kraken now. He joked that the Board expects Bitcoin at $100,000 by year-end beneath his watch.
“The corporate’s in nice arms however, technically, #BTC was > $30k at official time of transition. The Board expects $100k by finish of yr.”
When requested about his duties as Chairman of the Board, Powell mentioned it’s a non-executive place. However he’ll nonetheless information the corporate the perfect he can, together with assembly with Ripley repeatedly.
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