Christina Campbell, the Chief Financial Officer (CFO) of Ripple, has unexpectedly resigned from her position and will be taking on a related role at Maven Medical Institution, a digital healthcare provider.
Ripple CFO’s Abrupt Departure
According to Campbell’s LinkedIn profile, she concluded her tenure at Ripple in October after working with the company for over two years.
No specific reason has been given for her departure, but Campbell expressed her gratitude for the time she spent at Ripple, calling it “memorable.” She joined Ripple in April 2021 after serving as the CFO of PayNearMe, a payments platform, for four years.
In an October 7 post on LinkedIn, Campbell acknowledged the complexities and strict regulations of the healthcare industry, highlighting its similarities with the fintech sector. She expressed excitement about joining Maven Clinic as CFO and her belief in technology’s power to improve people’s lives.
“I’m thrilled to share that I will be joining Maven Clinic as CFO. Throughout my career, I’ve seen firsthand how technology can make people’s lives better, and Maven is proving that every day at the forefront of healthcare. A big thank you to everyone at Ripple who made the last few years so memorable.”
Her announcement comes amidst Ripple’s ongoing legal battle with the United States Securities and Exchange Commission (SEC). The dispute stems from a lawsuit filed by the SEC against Ripple in December 2020, regarding the sale of its XRP token.
In July, a federal judge ruled that XRP was not a security when sold to retail investors. This decision was upheld in October after an appeal by the SEC. The trial between Ripple and the SEC is scheduled to begin in April 2024.
Transitioning to the Future
Ripple confirmed Campbell’s departure and expressed gratitude for her leadership during a period of global momentum, business growth, and regulatory challenges. The company wished her success in her future endeavors and acknowledged her contributions.
Ripple also emphasized that despite the change in leadership, the company remains financially strong and is committed to achieving continued success in key markets worldwide. They aim to solidify their market position and provide secure and efficient global payment solutions.
As of the time of writing, XRP is trading at $0.5020, reflecting a decline of 3.2% within 24 hours. This downward trend extends over the past 30 days, resulting in a loss.
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