Former Yahoo Exec Appointed COO of Ripple Labs

Ripple Labs has been adding more and more high-level officials to its strategic board, and its latest move was to appoint former Yahoo and AOL executive Brad Garlinghouse as its Chief Operating Officer. Garlinghouse became popular in 2006 when an internal Yahoo memo he penned was leaked was published. He also sits on the board of Ancestry.com and became the CEO of Hightail, a file-sharing firm. "There is already incredible momentum for Ripple as a new infrastructure for global payments, and the opportunity to define the actual framework for the Internet of Value is an order of magnitude....

Brad Garlinghouse, the former CEO of Hightail and a long-time executive of Yahoo! has been appointed as Ripple's first Chief Operating Officer, as the company passes the 100-employee mark. "Brad's experience will be invaluable as we advance our focus from building a strong pipeline to execution and exceptional growth," said Ripple Labs CEO and co-founder Chris Larsen in a statement. "We share a vision for the future of finance and the creation of an Internet of Value in which value exchange is as fast, free, transparent and secure as information exchange is on the Internet today." Prior to....

Blockchain-based Ripple has been rigorously moving its technology forward. Now, the U.S.-based gross settlement system has announced CEO Chris Larsen is stepping down. Larsen will be replaced by former AOL and Yahoo executive on January 1, 2017. Ripple Will Have a New CEO Next Year. San Francisco-based Ripple has appointed Brad Garlinghouse to be the....

Ripple Labs, the creators and developers of the Ripple network, have appointed Donald Donahue, former CEO of The Depository Trust & Clearing Corporation (DTCC), as an adviser. The new addition to the advisory board comes amid the digital currency startup's efforts to push adoption of the Ripple payment network onto banks and financial institutions. DTCC is one of the largest clearing houses of securities and derivatives in the United States, processing $1.6 quadrillion worth of transactions last year. It is also one of the largest clearing houses in the world. "I'm very interested in the....

Payment exchange network Ripple Labs recently appointed Norman Reed as its general counsel. A law graduate from Columbia University, Reed started his career at a large international firm where he worked for three years. He later joined the prestigious Federal Reserve Bank of New York, where he got to know Karen Gifford - Ripple Labs's Chief Compliance Officer, also a former New York Fed. "In the wake of BCCI - along with some other shifty things happening in the early 1990s in the banking industry - the Fed wanted to start up an enforcement group styled after the SEC enforcement group,"....