Ripple veteran David Schwartz has officially moved into the role of CTO Emeritus

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Ripple's longtime Chief Technology Officer, David Schwartz, has moved into the role of CTO Emeritus. Schwartz announced his decision to step down from day-to-day responsibilities in October 2025 to focus on family and hobbies.

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Ripple veteran David Schwartz officially stepped down as the company's CEO this week. The former chief technology officer has updated the title “CTO Emeritus” on X and LinkedIn.

Schwartz led the technical evolution of Ripple's cross-border payment systems and managed its global engineering organization. The co-architect of the XRP Ledger, who has served as its 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's CTO at the end of this year,” Schwartz said in an October 2025 statement announcing his retirement plans. “I'm really looking forward to spending more time with the kids and grandkids and getting back into the hobbies I've set aside.”

In his October announcement, Schwartz thanked Ripple's leadership, including CEO Brad Garlinghouse and President Monica Long, calling them “the soul of Ripple itself.”

“Chris has asked me to join Ripple's Board of Directors to continue supporting the company's mission and long-term vision… and I'm accepting!” he said.

With Schwartz stepping down from day-to-day operations, Ripple's senior vice president of engineering, Dennis Jarosh, will take the helm of the company's technology organization.

Schwartz reaffirms his commitment to the XRP community as he embarks on the next chapter.

“Watch out, I'm not leaving the XRP community. You haven't seen the last of it,” he said.