Web3 Foundation Hires Former COO, CFO, and Risk Management Director of Serpentine Ventures as CFO

03/01/2023 15:34 • Tech Trends • 77 views

On March 1, the Web3 Foundation, which promoted the development of Poca, has hired Thomas Fecker Boxler, the former chief operating officer, chief financial officer, risk management director and legal and compliance director of Serpentine Ventures, as its chief financial officer. Thomas will be responsible for the supervision of the foundation’s financial and operational activities, and report directly to the CEO Bertrand Perez.

Web3 Foundation hired former Serpentine Ventures COO as CFO

The Web3 Foundation is a non-profit entity that promotes the development of decentralized technology on the internet, specifically with the focus on Polkadot, or Poca for short. On March 1, the foundation announced that it has hired a new Chief Financial Officer, Thomas Fecker Boxler, who used to serve as the COO, CFO, risk management director, and legal and compliance director of Serpentine Ventures.

What is the Web3 Foundation?

Before diving into the new appointment, it’s important to understand what the Web3 Foundation does. Founded in 2018, the foundation is focused on the development of decentralized protocols, infrastructure, and applications. Its specific focus is on Polkadot, which is a network protocol intended to connect different blockchain networks. The Web3 Foundation’s mission is to empower developers by providing them with the tools and resources they need to build decentralized applications.

The Role of a CFO

As the Chief Financial Officer of the Web3 Foundation, Thomas Fecker Boxler will be responsible for overseeing all financial and operational activities. His role will be crucial in ensuring that the foundation is able to achieve its mission by making sure that it has the resources it needs to operate effectively. This includes overseeing budgets, financial planning and analysis, fundraising, and accounting.

Who is Thomas Fecker Boxler?

Before his appointment at the Web3 Foundation, Thomas Fecker Boxler had an impressive resume in the financial industry. He served as the COO, CFO, risk management director, and legal and compliance director of Serpentine Ventures, an investment company that specializes in technology startups. Prior to that, he held senior finance roles at several other companies, including the Swiss Central Bank and UBS AG.

The Importance of the Appointment

The appointment of Thomas Fecker Boxler as the CFO of the Web3 Foundation is significant for a number of reasons. First of all, his experience in finance and risk management will be crucial in helping the foundation navigate the often-volatile world of decentralized technology. Additionally, his appointment demonstrates the growing interest in decentralized technology among traditional financial companies and personnel.

Conclusion

The Web3 Foundation’s hiring of Thomas Fecker Boxler as its new CFO is an exciting development for the foundation and the decentralized technology industry as a whole. With his impressive track record in financial management and risk assessment, Fecker Boxler’s appointment should help the foundation continue to grow and expand its operations.

FAQs

1. What is the Web3 Foundation?
The Web3 Foundation is a non-profit entity that promotes the development of decentralized technology on the internet, specifically with the focus on Polkadot.
2. What is the role of a CFO in a non-profit organization?
A CFO in a non-profit organization is responsible for overseeing all financial and operational activities, including budgeting, financial planning, fundraising, and accounting.
3. What is Polkadot?
Polkadot is a network protocol intended to connect different blockchain networks.

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