Ripple loses CFO Campbell amid ditched acquisition of Fortress Trust
Ripple has gotten a lot of attention for its court sparring with the SEC as of late
Ruslan Ivantsov/Shutterstock modified by Blockworks
Kristina Campbell, Ripple’s chief financial officer, is leaving the crypto company and has already joined another firm as CFO, according to her LinkedIn.
Per a company statement, Ripple said it was “grateful for Kristina’s leadership over the past 2+ years and her contributions to the company as we’ve experienced strong global momentum, business growth and navigated regulatory headwinds.”
Ripple also has reportedly launched the search for someone to replace Campbell in the crucial C-suite post.
Campbell thanked her colleagues at Ripple for a “memorable” few years, in a LinkedIn post. Campbell spent two years and seven months as Ripple’s CFO.
Memorable is likely the perfect word for Campbell’s time at Ripple, a company still battling it out in court with the US Securities and Exchange Commission over its alleged unregistered securities offerings.
But something that was more in Campbell’s direct line of responsibility — Ripple’s acquisition strategy — drew headlines recently when it rather suddenly abandoned its plan to snap up Fortress Trust, a deal that was publicly announced in early September.
Now Campbell, a Harvard Business School graduate with a storied career in finance, has decided to do a 180 and work for a virtual healthcare clinic for women and families.
Her role will still be financial in nature as she’ll be the CFO at Maven Clinic, just like she was at Ripple and PayNearMe before that.
Campbell started her career in 1997 as an associate at Citigroup before jumping ship to Saybrook Capital in 2000, where she served as vice president.
She again moved in 2004 to consulting firm Bain & Company, where she advised private equity funds on mergers and acquisitions.
Then, she had a brief stint at Avery Dennison in 2009 as a director of corporate strategy before joining up with financial services firm Green Dot Corporation for a little over five years.
Campbell is also a founding member of an invite-only organization called The F Suite, which serves as a community for fellow CFOs to share advice and knowledge with one another.
Updated Oct. 10, 2023 at 9:00 am ET: Added additional context from a Ripple company statement.
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