This shakeup follows Bullish's acquisition of CoinDesk from its previous owner, Digital Currency Group, just two months ago. Alongside Worth, several other members of CoinDesk's leadership team, including Chief Operating Officer Elinor Hirschhorn, Vice President of Engineering John DeGuenther, and Executive Director of Global Strategy Emily Parker, are also departing.
Michael Casey, Chief Content Officer, will no longer have a full-time role, although discussions are underway for him to potentially continue with CoinDesk in another capacity. Bullish CEO Tom Farley communicated these changes to CoinDesk and Bullish employees via a memo, outlining a flatter organizational structure for CoinDesk's media, indices, and events businesses.
As part of the restructuring, certain functions of CoinDesk will now fall under Bullish's purview, including Human Resources. Additionally, CoinDesk's tech and product teams will be integrated with Bullish's operations.
Farley expressed gratitude for Worth and the outgoing leadership team for their role in shaping CoinDesk into a leading global media company and facilitating the successful acquisition by Bullish. Looking ahead, Farley conveyed optimism about CoinDesk's future under Stratoberdha's leadership, highlighting the opportunity to invest in and expand CoinDesk's media, events, and indices offerings.
CoinDesk's journey reflects broader trends in the evolving landscape of web3, where acquisitions and leadership changes are becoming increasingly common. With their upcoming Consensus event in Austin, Texas, will Coindesk remain a key player in the space?
