CoinDesk’s CEO Kevin Worth Departs in Major Restructuring Led by New Owner Bullish
CoinDesk’s CEO Kevin Worth has stepped down as part of a major restructuring effort led by the crypto exchange Bullish, which recently acquired the media outlet.
Bullish has appointed Sara Stratoberdha, who previously spearheaded business development for the exchange, as the new CEO of CoinDesk.
While the ownership has changed, a CoinDesk spokesperson told that the company will continue to operate as an independent subsidiary under Bullish.
“CoinDesk will remain an independent subsidiary of Bullish and Sara is committed to maintaining CoinDesk’s journalistic independence and integrity.”
The restructuring extends beyond the CEO position, as several other key members of CoinDesk’s leadership team will also be departing.
Among them are Chief Operating Officer Elinor Hirschhorn, Vice President of Engineering John DeGuenther, and Executive Director of Global Strategy Emily Parker.
Chief Content Officer Michael Casey’s role will no longer be full-time, but discussions are underway with Bullish to explore potential ongoing involvement with CoinDesk in a different capacity.
Bullish CEO Tom Farley shared the changes with CoinDesk and Bullish employees through a memo, outlining the restructuring’s objective of streamlining CoinDesk’s media, indices, and events businesses into a more streamlined organizational structure.
As part of the shift, certain functions within CoinDesk, including Human Resources, will now report to their counterparts at Bullish.
Additionally, CoinDesk’s technology and product teams will be integrated with Bullish.
“Kevin and the leadership team oversaw the evolution of CoinDesk into a leading global media company, effected the sale to Bullish, and successfully integrated the two companies. We thank them and wish them
Read more on cryptonews.com
