The leading cryptocurrency exchange Coinbase announced onboarding the former Cisco veteran in its Board of directors.
Kelly Kramer is a Silicon Valley veteran with extensive experience in the finance and auditing field and worked as the Executive Vice President and Chief Financial Officer.
Ex Cisco EVP Joins Coinbase Board of Directors
Through an official blog, Brian Armstrong announced that Kelly Kramer would be responsible for the company’s audit and compliance committee as Chairperson.
She joins the Coinbase Board of Directors and would take care of the exchange’s financial aspects and contribute to streamlining the compliance and audit functions. Kelly Kramer has broad experience in mergers and acquisitions, financial planning and analysis, and several other core areas of finance. She worked in Cisco for nine years, looking up acquisitions, investor relations, and corporate relations. Kramer also worked with GE Healthcare for 20 years, taking up influential roles like CFO for healthcare biosciences and work in the other substantial departments. The financial industry veteran is part of the Snowflake board of directors and leads the Audit Committee at Gilead sciences, which is a biotech company.
Kelly Kramer replaces Chris Dodd, who held the role of Chairman of the Audit and compliance committee. He relinquishes his position to further his commitment and time to family matters.
Along with Kelly Kramer, Marc Andreessen also joins the Board of directors from his previous designation as Board observer. Andreessen joined Coinbase as a Board observer in August 2020. he is co-founder of the Andreessen Horowitz venture capital firms.
Marc Andreessen’s transition to a more active role of the Board of directors is seen as a significant move as the exchange apparently prepares for an IPO. Andreessen is having immense investment experience and has been influential in guiding popular organizations like Facebook for their growth strategies. Brian Armstrong noted that as Andreessen transitions to his new role as the Board member, he would have a more active role and contribute to a broader capacity.
As Bitcoin’s price touches its all-time high, the trading volumes ought to increase on the exchanges leading to substantial growth.
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