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Week in Review: September 24, 2018

September 24, 2018
Week in review
Week in review

Coinbase continues to beef up their executive team, Danske Bank ousts their CEO following a $235 billion scandal, and HQ Trivia’s CTO becomes the new CEO. Check out this week in review!

Every Monday, we bring our members a digest of the most important executive changes from the previous week. Let us know about executive changes at contact@theorg.com so we can include them in next week’s update!

Coinbase hires Fannie Mae exec Brian Brooks as chief legal officer
Coinbase has made yet another addition to its C-suite. The cryptocurrency trading platform has hired Brian Brooks, the former executive vice president, general counsel and corporate secretary of Fannie Mae, as its chief legal officer. The hiring is part of the company’s effort to expand its legal, compliance and government affairs teams. Mike Lempres, who until now held the chief legal and risk officer title, will transition into the role of chief policy officer.

Source: TechCrunch

See Coinbase's updated org chart here

The CEO of Denmark’s biggest bank is out after a $235 billion money-laundering scandal
Thomas Borgen has resigned as the CEO of Denmark's largest bank, Danske Bank, after a major money-laundering scandal centered on its Estonian operation. Borgen, who had been at the bank's helm since 2013, said in a statement that while the investigation found no legal wrongdoing from him, he believed the best course of action was to stand down.

Source: Business Insider

See Danske Bank's updated org chart here

Twitter’s former Head of People EMEA joins VC firm Atomico as Partner
Atomico, the European venture capital firm founded by Skype’s Niklas Zennström, is announcing a number of new hires to its investment team, including new Partner Caroline Chayot, who previously led the EMEA HR team at Twitter. At Twitter, Chayot is said to have supported the leadership team in scaling the social media behemoth from two to six markets, growing the team from 80 based in London to 500 across the region. Prior to that she worked at Google in HR for 9 years.

Source: TechCrunch

See Atomico's updated org chart here

Worldpay Announces Co-Chief Executive Officer Philip Jansen to Step Down at the End of 2018; Charles Drucker to Become CEO
On December 31, 2018, Philip Jansen will step down as co-chief executive officer and a member of the board of directors. At that time, the Company will transition to a single chief executive officer, which will be current Executive Chairman and co-CEO Charles Drucker. Worldpay, Inc. was formed in 2018 through the combination of the No. 1 merchant acquirers in the U.S. and the U.K. Worldpay, Inc. trades on the New York Stock Exchange as "WP" and the London Stock Exchange as "WPY."

Source: PR Newswire

See Worldpay's updated org chart here

uBeam wireless power’s CEO Meredith Perry steps aside amidst B2B pivot
After repeatedly missing self-imposed deadlines for progress on its wireless charging-at-a-distance phone case, uBeam’s CEO Meredith Perry has decided to shift out of the CEO position and into a board member and senior advisor role. Now rather than trying to build its own consumer products like wireless power transmitters and receivers that could charge your phone from across the room using ultrasound frequencies, uBeam is pivoting to licensing its technology for use in other companies’ products.

Source: TechCrunch

See uBeam's updated org chart here

HQ Trivia co-founder Colin Kroll, formerly the company’s CTO, will take over as CEO
Co-founder Colin Kroll, formerly the company’s CTO, will take over as CEO. He’s replacing Rus Yusupov who will now serve as HQ’s chief creative officer. According to Digiday, who first reported the news, Kroll will manage the business while Yusupov “conceives of and designs the new shows.” HQ Trivia is gearing up to debut a follow-up to its wildly popular live mobile game show. Called HQ Words, the company announced this morning they’ll release the Wheel of Fortune-style game in October.

Source: TechCrunch

See HQ Trivia updated org chart here