Blockchain giant welcomes heavyweights to help develop Web3
Well-known Ethereum developer Consensys announced on August 15, 2024, the appointment of former Disney senior executive Dan. Dan Odell is the company’s new chief financial officer (CFO). This appointment has attracted widespread attention in the blockchain and cryptocurrency industry and is regarded as an important strategic deployment of Consensys in promoting the mainstreaming of Web3 technology.
Source: LinkedIn Dan. Dan Odell
Odell has extensive financial and strategic management experience across multiple industries including Web3 technologies, consumer applications, games and media. Prior to joining Consensys, he successfully guided Improbable, a metaverse technology company, through a strategic business model transformation that significantly increased the company's revenue and improved its capital position. What’s even more striking is that O’Dell has worked at The Walt Disney Company for more than 15 years and has held many important positions, including Vice President of Global Product Management for Disney Parks, Experiences and Products, Chief Financial Officer of Maker Studios, and Chief Financial Officer of Mobile Games. .
Consensys co-founder and CEO Joseph. Joseph Lubin warmly welcomed Odell’s joining.
He emphasized: "Odell's deep expertise in the cryptocurrency, blockchain and consumer application product industries, as well as his outstanding skills in driving business growth, are a perfect fit with our strategic vision."
Lubin also said that as encryption and blockchain technology continue to break through the mainstream market and new applications bring the Web3 world to billions of users, having the right chief financial officer is crucial to ensuring that Consensys can continue to lead the development of the ecosystem.
New CFO drives mutual growth of Consensys and Web3 ecosystem
As the new chief financial officer, Odell will be fully responsible for Consensys’ financial operations, including important industries such as accounting, tax, finance, strategic finance and investor relations. His diverse experience, having managed businesses ranging in size from $10 million to $3 billion in revenue during his career, makes him a valuable addition to Consensys' executive team.
Odell showed great enthusiasm and confidence in his new responsibilities. He said: "The overall cryptocurrency and Web3 industry continues to see strong momentum, and I am ready to join Consensys in a new role as a leader in driving industry growth. I look forward to working with the talented team at Consensys to expand our impact "
The addition of Odell not only injects new financial management vitality into Consensys, but also adds confidence to the company in the face of regulatory challenges. It is worth noting that the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Consensys at the end of June 2024, accusing the company of operating an unregistered brokerage business. Against this backdrop, Odell’s extensive experience in corporate governance and financial compliance will undoubtedly play an important role in addressing regulatory challenges.
Consensys’ strategic layout and the future development of Web3
Consensys' high-profile appointment of a former Disney executive as chief financial officer not only demonstrates the company's emphasis on talent, but also reflects the strong demand for professionals in traditional finance and technology industries in the blockchain and Web3 industries. This personnel change is also seen as Consensys’ strategic layout to further expand its business, enhance corporate governance and enhance market competitiveness.
As cryptocurrency and blockchain technology become increasingly integrated into mainstream financial and technology industries, industry leaders like Consensys are actively recruiting senior talent from traditional industries to deal with increasingly complex market environments and regulatory challenges. Odell’s extensive experience in the gaming, media and metaverse industries will help Consensys develop more innovative application scenarios in the Web3 ecosystem and may bring new growth points to the company.
Overall, Consensys appointed Dan. Odell's decision to become the new CFO is not only an important milestone in the company's own development, but also injects new vitality into the professionalization and mainstreaming process of the entire Web3 industry. As more senior executives from traditional industries join blockchain and cryptocurrency companies, we have reason to expect that this emerging industry will usher in more standardized and sustainable development.
