Ripple, a global provider of financial settlement solutions, announced changes in its leadership team.
Chris Larsen has decided to transition from his operational role as chief executive officer of Ripple to executive chairman of the board of directors. He has named Brad Garlinghouse his successor as CEO, effective January 1, 2017.
As executive chairman of Ripple, Larsen will be responsible for leading the board of directors, strategic oversight of the business and identifying strategic partnership opportunities. He’ll remain the controlling shareholder of the company.
after more than a year and a half as Ripple’s president and chief operating officer, Garlinghouse is now becoming CEO. He was previously CEO of Hightail.
The company provides global financial settlement solutions to enable organizations around the world to exchange value by enabling banks to transact directly and with real-time certainty, optionally using the digital asset XRP to further reduce liquidity costs.
Banks around the world are partnering with Ripple to improve their cross-border payment offerings, and to join its global network of financial institutions and liquidity providers.
Venture-backed, the company has offices in San Francisco, New York, London, Sydney and Luxembourg.