In
a significant move orchestrated by the cryptocurrency exchange Bullish,
CoinDesk’s long-serving CEO, Kevin Worth, has stepped down as part of a major
restructuring effort within the renowned media, events, and information
company.
Taking
the helm in Worth’s place is Sara Stratoberdha, who brings her extensive
experience from leading business development at Bullish.
Kevin Worth, Source: LinkedIn
A spokesperson for
CoinDesk assured that despite the change in leadership, the company would
maintain its editorial independence and integrity under Stratoberdha’s
guidance.
Sara Stratoberdha, CEO, CoinDesk, Source: LinkedIn
The
shakeup, which follows Bullish’s acquisition of CoinDesk from its former owner
Digital Currency Group just two months ago, extends beyond the CEO position.
Several key figures within CoinDesk’s leadership, including Chief Operating
Officer and President of Media Elinor Hirschhorn, Vice President of Engineering
John DeGuenther, and Executive Director of Global Strategy Emily Parker, have
also departed from their roles.
Michael
Casey, the Chief Content Officer, will no longer serve in a full-time capacity.
However, discussions are underway with Bullish to explore alternative roles for
Casey within the CoinDesk organization.
Recognition
of Outgoing Leadership
Bullish
CEO Tom Farley announced the restructuring via a memo circulated to CoinDesk
and Bullish employees on Thursday. Farley outlined the intention to streamline
CoinDesk’s media, indices, and events businesses by adopting a flatter
organizational structure. As part of the restructuring, certain functions of
CoinDesk, such as Human Resources, will now align with their counterparts at
Bullish. Additionally, CoinDesk’s tech and product teams will integrate with
Bullish.
CoinDesk’s New Owner Bullish Replaces CEO in Restructuringhttps://t.co/uPHU2hN9Zx
— CoinDesk (@CoinDesk) February 9, 2024
In
a statement, Farley acknowledged Worth and the outgoing leadership team’s
contributions. He highlighted their pivotal roles in steering CoinDesk into a
prominent global media entity, facilitating its acquisition by Bullish, and
successfully integrating the two companies. He extended his gratitude to
them and wished them well in their future endeavors.
Bullish
Acquires CoinDesk: A Strategic Move
Finance Magnates reported that Bullish
has acquired CoinDesk, a crypto media publication. CoinDesk will
operate independently as a subsidiary, maintaining its identity and integrity.
The
move aims to leverage Bullish’s capital for CoinDesk’s expansion in media,
events, and indices. CEO Kevin Worth sees potential for product development and
growth in the crypto economy. Bullish, known for institutional trading,
introduced perpetual futures recently. Lazard and Citi facilitated the
acquisition.
In
a significant move orchestrated by the cryptocurrency exchange Bullish,
CoinDesk’s long-serving CEO, Kevin Worth, has stepped down as part of a major
restructuring effort within the renowned media, events, and information
company.
Taking
the helm in Worth’s place is Sara Stratoberdha, who brings her extensive
experience from leading business development at Bullish.
Kevin Worth, Source: LinkedIn
A spokesperson for
CoinDesk assured that despite the change in leadership, the company would
maintain its editorial independence and integrity under Stratoberdha’s
guidance.
Sara Stratoberdha, CEO, CoinDesk, Source: LinkedIn
The
shakeup, which follows Bullish’s acquisition of CoinDesk from its former owner
Digital Currency Group just two months ago, extends beyond the CEO position.
Several key figures within CoinDesk’s leadership, including Chief Operating
Officer and President of Media Elinor Hirschhorn, Vice President of Engineering
John DeGuenther, and Executive Director of Global Strategy Emily Parker, have
also departed from their roles.
Michael
Casey, the Chief Content Officer, will no longer serve in a full-time capacity.
However, discussions are underway with Bullish to explore alternative roles for
Casey within the CoinDesk organization.
Recognition
of Outgoing Leadership
Bullish
CEO Tom Farley announced the restructuring via a memo circulated to CoinDesk
and Bullish employees on Thursday. Farley outlined the intention to streamline
CoinDesk’s media, indices, and events businesses by adopting a flatter
organizational structure. As part of the restructuring, certain functions of
CoinDesk, such as Human Resources, will now align with their counterparts at
Bullish. Additionally, CoinDesk’s tech and product teams will integrate with
Bullish.
CoinDesk’s New Owner Bullish Replaces CEO in Restructuringhttps://t.co/uPHU2hN9Zx
— CoinDesk (@CoinDesk) February 9, 2024
In
a statement, Farley acknowledged Worth and the outgoing leadership team’s
contributions. He highlighted their pivotal roles in steering CoinDesk into a
prominent global media entity, facilitating its acquisition by Bullish, and
successfully integrating the two companies. He extended his gratitude to
them and wished them well in their future endeavors.
Bullish
Acquires CoinDesk: A Strategic Move
Finance Magnates reported that Bullish
has acquired CoinDesk, a crypto media publication. CoinDesk will
operate independently as a subsidiary, maintaining its identity and integrity.
The
move aims to leverage Bullish’s capital for CoinDesk’s expansion in media,
events, and indices. CEO Kevin Worth sees potential for product development and
growth in the crypto economy. Bullish, known for institutional trading,
introduced perpetual futures recently. Lazard and Citi facilitated the
acquisition.
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