ConsenSys, one of the leading Ethereum and Web3 software companies, recently expanded its team with the addition of Phil Davis, the former Engagement Manager at McKinsey, as the company’s new Chief Financial Officer (CFO).

Davis is an industry veteran with extensive experience in the global corporate sector. He has joined ConsenSys from Afiniti where he worked for nearly 7 years as the CFO. In his new role, Davis will oversee the finance and accounting functions of ConsenSys. Moreover, the newly appointed Chief Financial Officer will play an instrumental role in the expansion of ConsenSys’ pioneering treasury strategy.

The latest announcement from ConsenSys came on the back of some solid growth. The blockchain firm recently raised $450 million in its Series D funding round with a valuation of more than $7 billion. Through the appointment of Davis as CFO, ConsenSys aims to accelerate its growth.

“We are delighted to have Phil join us at this critical time in the growth of our company. To paraphrase Marc Andreessen, ‘decentralized software will eat the world’ and understanding that Decentralized Finance will soon just be called Finance, a new kind of company like ConsenSys, which takes in thousands of different kinds of tokens in exchange for its products and services, needs a CFO that is not only world-class for traditional finance functions but who also possesses the deep technical chops to build next-generation crypto-financial accounting, treasury management and analytics tooling,” Joseph Lubin, the Co-Founder of Ethereum and Founder and CEO of ConsenSys, commented.

New Appointments

In addition to the expansion of its operations and funding, ConsenSys has enhanced its team. Earlier this month, the blockchain technology solutions provider welcomed Sarah Friar, the former Chief Financial Officer at Square, as its newest member of the Board.

The company's Board includes some leading names in the financial sector.