Ripple veteran David Schwartz officially departed from the company’s executive leadership this week. The former technology officer also updated his title to “CTO Emeritus” on X and LinkedIn.

Schwartz directed the technical evolution of Ripple’s cross-border payment systems and managed its global engineering organization. The XRP Ledger co-architect, who served as a core leader for more than a decade, will join the board of directors as his next official step.

“The time has come for me to step back from my day-to-day duties as Ripple CTO at the end of this year,” Schwartz said in a statement in October 2025, when he revealed his retirement plans. “I’m really looking forward to spending more time with the kids and grandkids and going back to the hobbies I set aside.

With Schwartz’s departure from daily operations, Dennis Jarosch, Ripple’s Senior Vice President of Engineering, will take the lead in directing the company’s technology organization.

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