American blockchain payments firm Ripple Labs Inc. has announced the departure of its Chief Financial Officer (CFO), Kristina Campbell. Although the official announcement was not made, Campbell updated her LinkedIn profile to reflect her departure this month. Campbell served as Ripple Labs’ CFO for approximately 2 years and 7 months. She played a crucial role in the company’s financial management during the ongoing lawsuit with the SEC. Despite her somewhat passive role, Campbell made significant financial decisions as CFO, including overseeing Ripple’s acquisition of crypto asset service provider Metaco for $250 million.
Ripple Labs has experienced a series of executive departures, particularly within its legal team, which has raised concerns in the community. However, Ripple CEO Brad Garlinghouse has reassured stakeholders that these departures do not weaken their case against the SEC. While Campbell’s exit may cause some apprehension, it is important to note that similar staff turnover is not unique to Ripple, as Binance Exchange has also faced similar challenges recently.
In conclusion, Ripple Labs bids farewell to CFO Kristina Campbell after her notable contributions to the company’s financial management during a challenging period. The departure adds to a series of executive exits at Ripple, but the CEO remains confident in their legal defense strategy.
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