EOS Gains New COO: Commonwealth Bank CFO Switching Sides

Block.one, the parent company behind the EOS project will soon be welcoming a new member to the team: Australian Commonwealth Bank CFO Rob Jesudason is going to become the EOS new COO.


Jesudason will soon be coming onto the EOS team as the new Chief Operating Officer (COO). He will also serve on the project's Board of Directors and become the Group President. Jesudason's background was as the Chief Financial Officer of the Commonwealth Bank in Australia. His focus was on group finance, auditing, treasury, property, security, and investor relations. At EOS, Jesudason will be in charge of scaling the project's global operations. Block.one CEO Brendan Blumer stated of the move: "Rob has a proven track record of success in global financial services, where he has been involved in industry innovation and facilitated regulatory advancement enabling the adoption of new technologies. His alignment with our organizational priorities of creating compliant, high-performance blockchain solutions, is an ideal fit for Block.one, and is an exciting conclusion to our thorough search for the right individual." Jesudason shared his own enthusiasm: "The market’s strong response to Block.one’s approach has resulted in it being one of the fastest growing organizations in the world, and this will inform our operational growth strategies going forward. I am delighted to be joining Brendan and the team." >> Litecoin (LTC) Added to Gemini Cryptocurrency Exchange

Community Response

Overall, the response from the crypto community was positive when the EOS new COO was announced. Many who took to Twitter also took digs at traditional banking, loving the fact that they were all moving towards cryptocurrencies. >> What to Expect from Consensus 2018

EOS Price Update

At the moment, EOS doesn't seem to be benefitting from its new team member (although keep in mind that Jesudason won't actually be joining EOS until later in the year). The coin is currently selling for $14.30, which puts the coin down 4.71% in the past 24 hours.
Source: CoinMarketCap
Where do you think EOS will go from here? >> EOS Hackatron is Approaching Featured image: XCap Insights

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