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Coinbase has announced four senior leadership changes in just over two weeks, including two departures from main roles and two internal role shifts. Chief People Officer Lawrence Brock and Chief Legal Officer Paul Grewal are leaving their main roles, while institutional executive Greg Tusar and Base founder Jesse Pollak are moving into different positions.
The changes come during a broader period of cost cuts and product expansion at Coinbase.
Lawrence Brock and Paul Grewal Prepare to Leave
Brock will step down as chief people officer effective August 17, remain through September 1 to support the transition, and serve as an adviser from September 2 through November 30. An agreement disclosed in a regulatory filing provides for a $182,500 payment after the advisory period, while any remaining unvested equity will be cancelled upon the term’s end.Grewal notified Coinbase on July 8 that he would step down as chief legal officer and corporate secretary.
Molly Abraham, Coinbase’s vice president of legal, will become general counsel and secretary. Ryan VanGrack, who is also a Coinbase vice president of legal, will take the new position of vice chair and head of corporate affairs.
In a public post, Grewal pointed to his work on Coinbase’s public listing and legal strategy before saying:
“Now is my time for new adventures”
Greg Tusar and Jesse Pollak Shift Roles
Greg Tusar, co-head of Coinbase Institutional, is moving into a role focused on public policy. Tusar previously helped lead the exchange’s institutional products and services for professional investors.
Jesse Pollak is also stepping back from leading the Base app. He will remain involved with Base, Coinbase’s Ethereum layer-2 network. The company is changing the app’s leadership after its creator-focused strategy missed internal targets.
The four changes include two planned departures and two internal role shifts. Coinbase has filled some affected positions through promotions instead of hiring replacements from outside the company.
Changes Come after Coinbase’s Wider Restructuring
Coinbase announced in May that it would cut about 700 jobs, equal to roughly 14% of its workforce. The exchange linked the restructuring to lower trading activity, cost reductions and increased use of artificial intelligence across its operations.
The leadership changes also come as Coinbase expands beyond crypto trading. The company has added or developed products across stock trading, prediction markets, derivatives and AI-powered investment tools, though not all are at the same rollout stage.
Coinbase has not announced a company-wide management reorganization covering all four executives. The disclosed moves have been announced separately through regulatory filings, public statements and media reports.
