High Turnover Hits Crypto Startup Ripple, With 9 Executives Departing in the Last 12 Months

By Daily Hodl Staff

Ripple is known for its seemingly never-ending hiring spree, with 56 positions currently available at the San Francisco startup. The company is rated by Fortune research partner Great Place to Work as one of the top places to work in California’s Bay Area.

But as the company announced a string of high level hires over the last year, a sizable list of executives decided to move on to new ventures.

The latest to announce his departure is Dilip Rao, Ripple’s global head of infrastructure innovation. His tenure at the company began back in 2014.

Rao joins a long list of nine executives who, through a combination of public announcements and LinkedIn profile updates, have revealed that their tenure at Ripple is over.

Chief market strategist Cory Johnson
Senior software engineer Evan Schwartz
Head of European regulatory relations Dan Morgan
Director of regulatory relations Ryan Zagone
Sales director Ross D’Arcy
Business development director Wellington Sculley
Head of XRP institutional liquidity Catherine Coley
Senior VP of business development Kahina Van Dyke

Ripple’s careers page shows the company is looking for replacements for many of the new vacancies.

The company says it has more than 350 employees, with offices in San Francisco, New York, London, India, Singapore, Brazil and Dubai.

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