The e-discovery company CS Disco announced that its co-founder, Kiwi Camara, is stepping down from his roles as CEO and board member. The firm, also known as DISCO, has appointed Scott Hill as interim CEO while the board of directors look for a permanent successor. Hill has been serving DISCO’s board since June 2021 and was formerly the CFO of Intercontinental Exchange.
Camara, who made news last summer when it was reported he earned nearly $110 million in 2020—more than Apple CEO Tim Cook, plans to make himself available to assist Hill during the transition. His earnings last year were resulted from his salary of $500,000 and $109 million in stock options, a sharp rise from the $1 million he earned the previous year.
DISCO reached a significant milestone under Camara’s leadership when it became one of the few legal tech companies to go public, listing on the New York Stock Exchange in July 2021.
Camara, who at his graduation was the youngest-ever graduate of Harvard Law School, discussed his backstory and DISCO’s IPO on a LawNext podcast in 2021.
Interim CEO Hill has a history with DISCO, having joined the board of directors in June 2021. He served as Chair of the Compensation Committee and as a member of the Audit Committee. Prior to his involvement with DISCO, Hill served as CFO of Intercontinental Exchange from May 2007 to May 2021, and prior to that, he was an international finance executive for International Business Machines Corporation from 1991 to 2007.
While the transition in leadership marks a new era for DISCO, the board is optimistic about the future. Krishna Srinivasan, chair of DISCO’s board of directors noted the company’s gratitude towards Camara and his dedication to DISCO, and expressed eagerness towards continuing their technology leadership by applying the latest advances in AI to legal problems.
The full details of the ongoing transitions at DISCO can be followed here.