The Stellar foundation announced the appointment of new CEO Denelle Dixon, the former Chief Operating Officer (COO) of Mozilla. The firm announced the appointment via a press release recently.
She will be the head of the responsibilities of running Stellar from Jed McCaleb, the co-founder and executive director of the firm. According to the official report, McCaleb will target to on adopt strategies and improve network protocol.
The firm believes that her earlier experience with Mozilla will help the firm achieve more privacy and security. The press release shared the reason behind Dixon’s appointment as their new CEO. Stellar opinionated that Dixon’s advocacy for an open internet as well as privacy and encryption are well-aligned with Stellar Foundation’s beliefs.
McCaleb commented on her appointment,
The Foundation also mentioned about Mozilla, calling it “one of the most successful mission-driven open source organizations.” The foundation believes that with the appointment of new CEO there would be new proposals, ideas and strategies.
During March first week, Coinbase Pro platform listed Stellar Lumens [XLM]. The cryptocurrency saw a hike of 7% after the announcement of listing was made. Coinbase being one of the largest cryptocurrency exchanges, the addition of Stellar Lumens on Coinbase Pro caused positive enthusiasm in the Stellar crypto space.
At the press time Stellar was seen trading at $0.1157 and is the 8th largest cryptocurrency in the markets by volume. Stellar foundation believes that the appointment of the new CEO would bring about significant changes in the strategies and future endeavors of the foundation which would positively affect the price of Stellar Lumens in the near future.