Marc Andreessen, Kelly Kramer Named Directors on Coinbase Board

Coinbase is shaking up its boardroom with faces old and new.

AccessTimeIconDec 16, 2020 at 6:46 p.m. UTC
Updated Sep 14, 2021 at 10:44 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Tech venture capitalist Marc Andreessen and Cisco veteran Kelly Kramer were named to the Coinbase board of directors as full members, the cryptocurrency exchange said Wednesday.

Andreessen, who previously served as a "board observer" will now have a say in Coinbase's operations as a full director. So will Kramer, the new chair of the board's audit and compliance committee. She replaces previous audit chief Chris Dodds.

The boardroom shakeup beefs up Coinbase's board with faces old and new. Andreessen's VC firm, Andreessen Horowitz, first invested in Coinbase in 2013. Kramer, who is only Coinbase's second female director, has run Cisco's financials for the past six years. She also sits on Snowflake's board.

The composition of Coinbase's board could take on heightened importance should the company choose to pursue its reported consideration of a public offering. Tech-heavy stock exchange Nasdaq is pushing its listed companies to increase boardroom diversity.

Coinbase is hiring aggressively across the working ranks – partly to patch recent employee attrition. Its C-suite positions are also on the rise.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.