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Screenshot of a breaking news alert e-mail from Q2 2017
KCG Holdings, Inc. Class A (NYSE:KCG) has just announced a set of Board changes, with Debra J. Chrapaty and Alastair “Alex” Rampell joining the Board as independent Directors, effective immediately.
The company also announced that Daniel Tierney will be leaving the Board of Directors, also with immediate effect.
Ms. Chrapaty has more than 25 years of experience in leading technology positions. She has served as Chief Operating Officer of Declara, a personal learning technology company, since 2013. Prior to that, Ms. Chrapaty was Chairman and CEO of Nirvanix and Senior Vice President and Chief Information Officer at Zynga, Inc. from 2011 to 2013. Her previous roles also include that of Senior Vice President, Collaboration Software Group at Cisco Systems, as well as Corporate Vice President, Global Foundation Services at Microsoft Corporation.
She commenced her career at the Federal Reserve Bank of New York, where she spent five years as an analyst.
Ms. Chrapaty has a B.B.A. in Economics from Temple University and an M.B.A. in Information Systems from New York University.
Mr. Rampell is a successful technology entrepreneur with profound knowledge of software, security, e-commerce, advertising, marketing and FinTech. He brings vast experience in building innovative, disruptive businesses.
He has served as General Partner at Andreesen Horowitz, a venture capital firm, since October of 2015. From 2006 to 2014, he was Co-Founder and Chief Executive Officer of TrialPay, Inc. He also co-founded web security company FraudEliminator, LLC and consumer lending company Affirm, Inc.
Mr. Rampell has a B.A in Applied Math and Computer Science from Harvard University.
Charles E. Haldeman, Jr., Non-Executive Chairman of KCG’s Board of Directors, said,
“We welcome Debra and Alex to our Board and look forward to benefiting from their strong leadership skills and extensive experience in technology and finance. Both bring a wealth of public company and industry experience to the Board and we are confident that their knowledge and insights will benefit KCG and our shareholders. We look forward to their contributions as we continue to evolve our business model to ensure we are taking full advantage of the opportunity we see for non-bank securities firms such as KCG.”
Mr. Haldeman added,
“On behalf of the entire Board, I’d also like to thank Dan Tierney for his many valuable contributions to KCG during his tenure as Director. We wish him the best in his future endeavors.”
Ms. Chrapaty stated,
“KCG has risen to the forefront of the technological trading world and I welcome the opportunity to join this Board at a time when the financial services industry is increasingly embracing the benefits of technology for both clients and investors.”
Mr. Rampell stated,
“I look forward to collaborating with such a talented group of Directors and sharing the perspectives I’ve gleaned from leading other groundbreaking firms. KCG is a true innovator at the intersection of finance and technology. I’m confident we have only begun to tap into the role this firm can play in our global securities markets.”
The official announcement from KCG on the Board changes can be viewed by clicking here.