Digital payments company Stripe replaced one board member and added another following a change at one of its largest investors, according to a Tuesday report from business news site The Information.
It wasn’t clear when the change took place, the updated board of directors was not formally announced by the company, but is reflected on its website.
Luciana Lixandru, a partner at venture capital firm Sequoia Capital has replaced fellow Sequoia Capital partner Michael Moritz. Stripe also added a seat to the board for Kevin Kelly, a partner from Sequoia Heritage, the firm’s separate wealth management business.
The change comes after Moritz decided to leave the venture capital firm in July, according to a Reuters report at that time. Moritz, who had been with the Menlo Park, California-based venture firm for 38 years, is one of the most well-known investors in tech and a longtime board member of digital payments company PayPal and tech giant Google, the report said.
Lixandru has been a partner at Sequoia for about three years, before which she served as a partner at venture capital firm Accel for about eight years, according to her LinkedIn profile. She has served on the boards of companies that include email security platform Tessian and website builder company Framer, the profile showed.
Kelly is the chief information officer at Sequoia Heritage.
Stripe was founded in 2009 and has dual headquarters in San Francisco and Dublin, Ireland. It is privately held and has raised $8.7 billion in funding, according to its Crunchbase profile. The company had been considering going public at the beginning of the year, according to some news reports. It replaced its CFO in September.
Stripe declined to comment on questions about the changes to its board of directors.
