Carl Stern, the former CEO and Chairman of Boston Consulting Group, has been elected to join the board of directors at the leading bitcoin payment processor BitPay. Carl ‘s new position at BitPay was announced on the company’s official blog.
The addition of Carl to BitPay’s directing team represents yet another high-profile talent acquisition by the company. In his capacity as a board member, Mr. Stern will work to guide the company’s executive decisions on investment, hiring, and business partnerships in the year ahead and beyond.
BitPay’s CEO Stephen Pair framed the hiring as a move that would further demonstrate his company’s commitment to financial world, as while it seeks to expand bitcoin adoption among global merchants in the sector, Carl’s perspective and insight will add great value in helping to guide BitPay in the years ahead.
“Given Carl’s expertise and experience, we look forward to his contributions as a member of our board of directors,” said the chief of the Atlanta-based bitcoin merchant processor.
Prior to this position, Carl served as chairman of Carl W. Stern Associates LLC, Carl, which helps several global companies in developing competitive strategies for their businesses and shaping their corporate portfolios.
Carl has an M.B.A. from the Stanford University Graduate School of Business and graduated cum laude with a B.A. in Economics from Harvard University.
Commenting on his appointment, Carl Stern added: “I’m excited to see how BitPay’s technology is making transactions more secure and efficient around the world. I’m proud to be joining the company’s board as it continues to lead the way in changing how online payments work.”