Winds of change at fxstreet – the CEO steps down to drive change at the company
fxstreet is one of the largest portals in the forex market and was established a little over 10 years ago.
fxstreet is one of the largest portals in the forex market and was established a little over 10 years ago. In the past few years however it suffered from increased competitive landscape (similar to same trend with more established brokers) and did not grow as fast as expected.
Francesc Riverola headed the company since inception however in the past few years the executive team has gradually delegated more power to the future management and now Francesc announced plans to withdraw and transfer the CEO seat to someone fresh as he considers the company to be ready for that. Carolina May, the former head of marketing at the company, will now be taking over and managing the company from Argentina. Francesc and his two founding partners will be stepping down from their executive roles and taking board roles. Francesc will become President of the company and will continue representing the company. His focus will be on new, non core, projects such as the FXstreet’s social network site (forexstreet.net) and other projects we should soon hear about.
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It will be interesting how this affects the company’s growth going forward, certainly since this market is mainly marketing driven it makes sense for someone marketing oriented to take over the CEO seat.
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In my opinion Francesc has done a great job, like many other people I watched fxstreet grow and grow, because of its foundation for quality. Whats stands out about fxstreet its not a one man band as many other portals, resulting it in taking a some what guru status, although a slightly different arena this is a similar path with forexmagnates.
Felicitaciones Carolina Estoy seguro de que su papel como CEO será difícil, pero que no le gusta un reto?
Does this ultimately mean Riverola is looking to cash out?
Dear David… thanks for your kind words. As you said, quality is our fundation and it keep being it as long as it mine. Dear Ron, you are wrong. I am stepping down as CEO because I want someone better than me managing the company because I think we at FXstreet.com still have a long way to go. 12 years in the very same position is tough and a change is healthy. If I wanted to cash out, what I just did does not make any sense. FXstreet.com is extremely related to me and for some people the fact that… Read more »
fingers crossed 🙂
David, Good luck in the new roles fro you and your staff
So that means that we are going to see great new projects for the following months!
Francesc, tell us about the new projects. I can’t wait! 🙂
I would just say that Francesc and the team led by him has done a Great job. There have been a bunch of Forex sites coming in and many staying in and growing but FxStreet has always maintained it’s unique place. As Michael said “Fingers Crossed” 🙂
-Himanshu @ ForexAbode