Kelly Kramer joins an impressive board comprised of executives from various industries.
Digital currency exchange Coinbase
welcomed a new member to its Board of Directors on Wednesday, as it
continues to draw on expertise from outside the cryptocurrency sector.
Kelly
Kramer, former CFO at Cisco, will serve as Chair of Coinbase’s Audit
and Compliance Committee, CEO Brian Armstrong revealed Wednesday. She
replaces former Charles Schwab board member Chris Dodds, who served on
Coinbase’s board for over two years.
Kramer joins Coinbase
following a nine-year stint at Cisco, one of the world’s largest IT
conglomerates, where she held various senior roles, including executive
vice president and chief financial officer.
Kramer was
“responsible for managing the company’s financial strategy and
overseeing all financial functions, corporate development, acquisition
program, integrations and investor relations,” Armstrong said.
Armstrong also announced that Marc Andreessen, co-founder and general partner at Andreessen Horowitz, is transitioning to a full-time role with the board.
Coinbase’s
boardroom is comprised of individuals from various industries,
including finance, technology and venture capital. Members appear to
have been purposely recruited from outside the cryptocurrency and
enterprise blockchain domains, possibly as a way to bring new insights
and contributions to the emerging crypto exchange.
Kramer’s addition, like those before her, reflects growing mainstream recognition that digital assets are here to stay.
Founded
in 2012, Coinbase is one of the largest and most established digital
currency exchanges on the market. It’s a popular choice for newcomers
because it allows them to buy digital assets like Bitcoin (BTC) and Ethereum (ETH) directly using fiat money.
At the same time, the exchange has drawn criticism for being unreliable during periods of volatility. The exchange reportedly ran into tech troubles again on Wednesday just as Bitcoin smashed through $20,000 for the first time.
source link : https://cointelegraph.com/news/former-cisco-cfo-joins-coinbase-board-as-mainstream-recognition-grows
