Evernorth Holdings announced the appointment of four new directors expected to join the company’s board following the closing of its previously announced business combination with Armada Acquisition Corp II. The company also appointed Boris Kapeller as Chief Risk Officer and Charles Stewart as Chief Communications Officer.
Evernorth said the appointments strengthen its leadership team ahead of its anticipated transition to a publicly traded company focused on institutional XRP treasury and digital asset infrastructure strategies.
The incoming directors include Dr. Derar Islim, Stuart Alderoty, Ted Janus, and Robert Kaiden.
Dr. Derar Islim previously served as Chief Operating Officer of Antalpha and as COO and Interim CEO of Genesis Global Trading. Stuart Alderoty currently serves as Chief Legal Officer of Ripple and President of the National Cryptocurrency Association. Ted Janus is a Principal at J Capital and former Partner and Director of Research at Palo Alto Investors. Robert Kaiden serves as Chief Financial Officer of the OpenAI Foundation and previously served as Chief Accounting Officer at Twitter.
Kapeller brings experience in risk management and financial controls from Coinbase and HSBC USA, while Stewart previously held communications leadership roles at Joby Aviation, Opendoor, Yahoo, and Verizon Media.
Evernorth said the leadership appointments are designed to support its operating model at the intersection of traditional capital markets, institutional risk management, and digital assets.
The company is being formed through a planned business combination with Nasdaq-listed SPAC Armada Acquisition Corp II. After the transaction is complete, Evernorth intends to operate as a publicly traded institutional XRP treasury platform that provides regulated exposure to XRP and generates yield through decentralized finance and capital markets activities.
KEY QUOTES:
“As Evernorth prepares to operate as a public company, we are building a leadership team with the institutional credibility this model requires.”
“Our incoming directors and executives bring the public-company finance discipline, regulatory experience and digital asset expertise needed to execute a differentiated strategy.”
Asheesh Birla, Chief Executive Officer, Evernorth
