What it means and doesn’t mean.
Coinbase has finalized its plan to hire a chief financial officer, making an addition that could help the company prepare for an initial public offering down the road.
Alesia Haas, previously the CFO at investing firm Oz Management, was named to the post on Tuesday. It’s the latest big hire in a string of C-suite activity at the cryptocurrency exchange, which over the last few months has hired a chief technology officer and vice presidents of communications, M&A and finance.
Recode reported in February that the company was in late-stage talks with a number of candidates. While adding a high-powered CFO is often read by Wall Street and observers as part of an imminent IPO plan, that’s not such a strong clue with startups that operate in financial technology, or fintech.
Hiring a chief financial officer when you’re a finance company makes sense.