Ripple’s leadership changes, David Schwartz as CTO, Kahina Van Dyke as new SVP
A major corporate shake-up occurred at Ripple today after they announced the changes to their leadership team. David Schwartz, previously Chief Cryptographer at the company, was promoted to Chief Technological Officer after the previous CTO, Stefan Tomasleft the company.
The other change made was a new hire, where Kahina Van Dyke, a former executive at Facebook, was appointed as the new Senior Vice President for Business and Corporate Development.
On the change, Brad Garlinghouse, CEO of Ripple, stated:
“David and Kahina exemplify success. At every step in their careers, they have shown the type of leadership qualities and business prowess that will be instrumental as Ripple continues to grow. This is a fantastic duo that showcases the two sides of Ripple. David is a world renowned leader in the blockchain and digital asset world, and Kahina is a seasoned veteran in the traditional banking and financial services industries.”
David Schwartz’s new assignments include improving the reach and volume of transactions across RippleNet. This would be achieved through enhancements to Ripple’s xCurrent and xVia, along with support for the pilot efforts of xRapid. Overall, he will help financial institutions to move into “full-fledged production”.
On his new role, Schwartz stated:
“Building a global network of financial institutions who are using blockchain-based solutions is no small task, but we have the technical folks at Ripple to make it a reality…I’ll get to lead a world-class group of engineers, scientists and business executives, which is what makes coming to work every day so exciting.”
Kahina Van Dyke, on the other hand, has headed global teams at companies such as Mastercard and Citibank. She previously worked at Facebook, leading the Global Financial Services team. On her appointment, she commented:
“By reducing friction and delivering better options for individuals and businesses, Ripple offers a compelling opportunity to be a transformative force for good in the world of money movement. It’s an exciting time in the industry — and I feel very fortunate to be a part of creating the next generation of global payments.”