Ripple’s Chris Larsen steps down as CEO

Announcements | November 7, 2016 By:

Ripple announced that the company’s chief executive officer Chris Larsen has decided to step down to take the role of executive chairman of Ripple’s board of directors and the company will see Brad Garlinghouse as new CEO of Ripple, effective from January 1, 2017.

Larsen, who will also remain Ripple’s controlling shareholder says he “look[s] forward to taking a break from the day-to-day while staying highly involved in Ripple’s strategic direction”.

Garlinghouse was previously CEO of Hightail, where he proved his excellence. As a COO in Ripple before, he established operational excellence, led more than 3.5 times growth in customer adoption and has shown his leadership in various milestones.

“I’m honored to step into the role of CEO of Ripple and am grateful to work so closely with a visionary like Chris. I look forward to continuing to work with Chris and the board to set the strategic direction of the company. I continue to be impressed by what this team has accomplished and look forward to taking Ripple to the next phase of growth,” said Garlinghouse.

Ripple is a financial startup built on blockchain.