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 Aug 19, 2021 at 6:10 a.m. UTC

Presented By Icon

Election 2024 coverage presented by

Stand with crypto

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.

  • Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
    13:18
    Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
  • Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
    05:10
    Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
  • The first video of the year 2024
    04:07
    The first video of the year 2024
  • The last regression video of the year 3.67.0
    40:07
    The last regression video of the year 3.67.0
  • 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 have been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.


    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.