China Rapid Finance, also known as XFR or The Company, is considered as a leader in the consumer marketplace and technology platform in China. The company recently announced that it is expanding its leadership team. As part of this expansion process, the company confirmed that it is appointing Russell Kraus as the new Co-Chief Executive Officer and Vice Chairman of the company.
Prior to this latest stint, Mr. Kraus worked with another tech company Hewlett-Packard as an executive for many years. According to China Rapid Finance, the decision to pick Mr. Krauss is part of the company's strategy to accelerate its corporate transformation and expansion into new initiatives and business models.
China Rapid Finance Founder, Chairman, and Co-Chief Executive Officer Dr. Zane Wang said that the leadership skills of Mr. Krauss will play a vital role in accelerating the company's corporate transformation, as well as developing a long-term shareholder value.
Dr. Wang later added that the appointment of Mr. Krauss is also a testament to China Rapid Finance's commitment to building a world-class company. Apart from a being a well-decorated executive, Mr. Krauss is widely perceived as an operational leader in the global technology industry.
Mr. Krauss has more than two decades of impressive P&L leadership experience under his belt. He also has a proven track record of adopting highly successful initiatives which he implemented on major technology ventures as well as Fortune 500 companies, among the most prominent of which is tech giant Hewlett-Packard. Before taking his newest Co-CEO post in China Rapid Finance, he also served on the company's board as an independent non-executive director since 2016.
While at Hewlett-Packard, Mr. Krauss served as Senior Vice President and Managing Director. His main task while at Hewlett-Packard was overseeing the overall business operations for one of HP's business. Mr. Krauss also served as Senior Vice President of DXC Technology in which he oversaw the Accounts and Business Operations, division. It was during his tenure with DXC Technology where he led the company's enterprise-wide client operations, as well as overseeing some of the company's top accounts.
Mr. Krauss also worked as Chief Information Officer and Vice President for the New York Power Authority. Considered as the largest non-federal utility in the United States, the New York Power Authority is considered as one of the country's Top 10 Critical Infrastructure. Mr. Krauss led the $1.4 billion divestiture of the Nuclear General business which is the largest transaction of its kind in the country's history.
