CoinDesk’s
longtime
CEO
Kevin
Worth
is
out
amid
a
major
restructuring
initiated
by
the
media,
events
and
information
company’s
new
owner,
the
crypto
exchange
Bullish.
In
Worth’s
place
the
exchange
has
appointed
Sara
Stratoberdha,
who
previously
ran
business
development
for
Bullish.
“CoinDesk
will
remain
an
independent
subsidiary
of
Bullish
and
Sara
is
committed
to
maintaining
CoinDesk’s
journalistic
independence
and
integrity,”
a
CoinDesk
spokesperson
said.
The
shakeup,
which
comes
two
months
after
Bullish
acquired
CoinDesk
from
its
embattled
former
owner
Digital
Currency
Group,
affects
much
of
CoinDesk’s
leadership.
Other
departures
include
Chief
Operating
Officer
Elinor
Hirschhorn,
Vice
President
of
Engineering
John
DeGuenther
and
Executive
Director
of
Global
Strategy
Emily
Parker.
Chief
Content
Officer
Michael
Casey
no
longer
has
a
full-time
role,
but
is
in
discussions
with
Bullish
to
stay
on
board
with
CoinDesk
in
some
other
capacity.
CoinDesk
and
Bullish
employees
were
informed
of
the
changes
via
a
memo
on
Thursday
from
Bullish
CEO
Tom
Farley,
who
said
the
restructuring
was
designed
to
shift
CoinDesk’s
media,
indices
and
events
businesses
into
a
flatter
organizational
structure.
Some
CoinDesk
functions,
such
as
Human
Resources,
will
now
report
to
their
equivalents
at
Bullish.
CoinDesk’s
tech
and
product
teams
will
also
be
integrated
with
Bullish,
said
Farley.
“Kevin
and
the
leadership
team
oversaw
the
evolution
of
CoinDesk
into
a
leading
global
media
company,
effected
the
sale
to
Bullish,
and
successfully
integrated
the
two
companies.
We
thank
them
and
wish
them
well,”
Farley
said
in
a
statement
shared
with
CoinDesk.
“Sara
and
the
CoinDesk
leadership
team
are
thrilled
about
the
opportunity
to
invest
in
and
grow
CoinDesk’s
media,
events,
and
indices.”