Cory Johnson is out at distributed ledger startup Ripple as its chief market strategist, CoinDesk has learned.
Tom Channick, a Ripple spokesperson, confirmed the move to CoinDesk after it emerged on social media that references to Ripple and Johnson’s role at the company appeared to have been scrubbed from his Twitter account.
Channick sent the following statement to CoinDesk:
“Cory’s last year at Ripple was a success in representing the company to investors, press and regulators. Cory helped Ripple with strategy internally and overall industry education. But due to changes in market conditions, we’ve chosen to eliminate the role of Chief Market Strategist.”
Joining Ripple in early 2018 after eight years at Bloomberg TV, Johnson explained at the time to CNBC that his role would be “to try and explain, listen and set strategies to make it easy for Wall Street and the world of finance to understand what we’re doing.” Indeed, Johnson served as a key spokesperson for the company, making appearances on mainstream media platforms and evangelizing Ripple’s offerings.
Johnson could not be immediately reached for comment.
Ripple logo on keyboard image via Shutterstock