Cardano Foundation Expends Team, Appoints New COO and CLO - BitcoinEthereumNews.com

The move is meant to support the organization’s mission to bolster Cardano adoption.

The Cardano Foundation, the Swiss-based non-profit responsible for driving the adoption of the Cardano chain, has disclosed the appointment of two prominent executives to its leadership team. Specifically, Andreas Pletscher has been named as the new Chief Operating Officer (COO), and Nicolas Jacquemart as the Chief Legal Officer (CLO), according to an official press release today.

Andreas Pletscher’s significant experience and knowledge gained during his tenure at PwC, and Nicolas Jacquemart’s previous role as an executive at FINMA, a renowned Swiss regulatory authority responsible for overseeing financial markets.

Frederik Gregaard, CEO of the Cardano Foundation, expressed his excitement over the recent development as he welcomed both individuals to their new roles.

As the new COO of the Cardano Foundation, Pletscher’s vast experience in managing complex operational and IT transformation projects will be an asset to the organization, With a successful track record as a technological director at PwC and IBM.

Pletscher expressed his eagerness to collaborate with the Cardano team to enhance the Cardano network’s performance and resilience.

CLO

Meanwhile, Nicolas Jacquemart’s appointment as the Cardano Foundation’s new CLO will help improve the organization’s legal standing. With a solid legal background from his previous roles at reputable law firms and his recent experience working on the fintech desk at FINMA, Jacquemart is well-suited to lead the Foundation’s legal initiatives.

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Furthermore, he holds a Ph.D. in law from the University of Zurich, focusing on the intersection of blockchain technology and financial market regulation.

Cardano Foundation’s Mission to Promote Adoption 

Founded in 2015, the Cardano Foundation has remained dedicated to improving Cardano adoption. The recent announcement comes up shortly after the Foundation disclosed the deployment of Cardano’s Valentine (SECP) Upgrade to the mainnet after developing the upgrade in conjunction with IOG and EMURGO. The upgrade is meant to improve cross-chain features in terms of interoperability, transaction verification, and dApp development.

In July 2021, the Foundation revealed its long-term plans for the Cardano ecosystem. These plans include onboarding 1 billion users on its suite of services and attracting ten Fortune 500 companies that would have investments in ADA by 2026.

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