Coinbase CEO Reacts To Top Exec Departure
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The CEO of cryptocurrency exchange Coinbase, Brian Armstrong, has publicly addressed the recent resignation of a high-ranking executive. In the wake of seven years of dedication, Kathryn Haun, a prominent figure on the cryptocurrency exchange’s board, revealed her decision to step down.
Haun to Focus on HaunVentures After Resigning from Coinbase
In a recent statement on X, Haun who is recognized for her prior role as a prosecutor in the U.S Department of Justice (DOJ) conveyed appreciation for her tenure at the crypto exchange, emphasizing the significant growth of the crypto sector and Coinbases’ crucial contribution to it.
I’ll be stepping off the @Coinbase board later this year at the end of my third term, after 7+ years. Crypto is in a remarkable expansion state, and Coinbase is well-positioned to thrive. @HaunVentures is similarly expanding, and this feels like the right time for me to…
— Kathryn Haun (@katie_haun) April 20, 2024
While the specific reasons for the executive’s departure have not been made public, Armstrong, in response to Kathryn’s announcement on X, showered her with praise for giving the company a chance even though most people did not believe in Crypto and technology.
According to him, Katie showed immense support to their crypto exchange when the technology was still nascent, and few had faith in it. He also stated that Katie played pivotal roles in various committees, including audit/risk, compensation, and nomination/governance, thus contributing significantly to the company’s journey towards going public.
However, despite Haun’s departure from Coinbase, she disclosed that all attention will be forwarded to her crypto firm, Haun Ventures. According to her, HaunVentures is similarly expanding, and this feels like the right time for her to double down on supporting the growing portfolio of founders and building a lasting venture franchise.
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This article is provided for information only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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