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Former US treasurer joins Ripple board

May 4, 2021. Summarized by summa-bot.

Compression ratio: 46.8%. 1 min read.

Ripple announced that it has appointed former U.S. Treasurer Rosa Gumataotao Rios to its board of directors, while Kristina Campbell will be joining as the new chief financial officer.

Rosa Gumataotao Rios, the 43rd Treasurer of the United States, will be joining Ripple’s board of directors.

In an announcement from Ripple today, the company said Rios, who served as the U. S. Treasurer from 2009 to 2016 under President Barack Obama, would be the newest member of the firm’s leadership team.

Ripple CEO Brad Garlinghouse cited Rios’ experience in both the public and private sectors as well as her success in “rapidly accelerating businesses” in the company’s decision to bring her on board.

Ripple also announced Kristina Campbell, formerly at payments platform PayNearMe at fintech company GreenDot, would be joining the firm as chief financial officer to “accelerate growth and deliver value to shareholders. ” Campbell said she aimed to use crypto and blockchain technology to “make the global financial system accessible to all. ”

XRP’s volatility has been attributed to charges brought by the U. S. Securities and Exchange Commission, or SEC, against Ripple, the firm’s co-founder Chris Larsen, and Garlinghouse in December.

by summa-bot

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