Ripple veteran David Schwartz officially transitions to CTO Emeritus role

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.