CoinDesk CEO Kevin Worth Now Leaves As Company Restructures With New Divisions

Key Points:

• CoinDesk CEO Kevin Worth steps down amid restructuring, replaced by Sara Stratoberdha from Bullish, its new owner.
• Key departures include COO Elinor Hirschhorn, VP of Engineering John DeGuenther, and Executive Director of Global Strategy Emily Parker.
• Bullish’s CEO, Tom Farley, emphasizes CoinDesk’s journalistic independence but announces the integration of certain functions.

CoinDesk, a prominent blockchain media outlet, is undergoing significant changes as CoinDesk CEO Kevin Worth steps down amidst a restructuring led by the crypto exchange Bullish, its new owner, according to a report by this media company.

Leadership Changes at Media Company: CoinDesk CEO Kevin Worth Departure and Restructuring

Taking over from CoinDesk CEO Kevin Worth is Sara Stratoberdha, formerly in charge of business development at Bullish.

This shakeup, following Bullish’s acquisition of CoinDesk from Digital Currency Group, also sees the departure of other key figures, including Chief Operating Officer Elinor Hirschhorn, Vice President of Engineering John DeGuenther, and Executive Director of Global Strategy Emily Parker.

Chief Content Officer Michael Casey’s role is shifting, with ongoing discussions for his continued involvement with CoinDesk under Bullish.

CoinDesk’s Evolution Under New Ownership

Bullish CEO Tom Farley emphasized the preservation of CoinDesk’s journalistic independence and integrity, asserting that it will remain an independent subsidiary. However, organizational changes will integrate certain functions, like human resources, with Bullish equivalents. Additionally, CoinDesk’s tech and product teams will merge with Bullish.

Farley expressed gratitude towards CoinDesk CEO Kevin Worth and the departing leadership for their contributions to CoinDesk’s growth and successful integration with Bullish. The restructuring aims to streamline CoinDesk’s media, indices, and events businesses into a more efficient organizational structure.