Kathryn Haun, former Assistant U.S. Attorney and partner at Andreesen-Horowitz (a16z), has declared her intention to step down from Coinbase’s board after seven years of service.
In a statement shared on [platform], Haun expressed confidence in Coinbase’s future prospects, acknowledging the company’s strong positioning in the rapidly expanding cryptocurrency landscape. However, she emphasized the need to capitalize on the remarkable growth opportunities in the crypto industry by concentrating on venture investing through her firm, Haun Ventures.
Haun’s decision to retire from the Coinbase board has garnered praise from various quarters within the crypto community, as well as from Coinbase’s own staff. CEO Brian Armstrong lauded her as a “force of nature” who played a pivotal role in Coinbase’s journey, including its successful public listing.
The resignation is expected to be formalized at Coinbase’s upcoming Annual Meeting of Shareholders, slated for later this summer. According to a filing, the board anticipates reducing its overall size to seven members following Haun’s departure, leaving just two women currently serving as board directors.