E-discovery company CS Disco recently announced that Kiwi Camara, its co-founder, has decided to relinquish his positions as both the chief executive officer and a board member. Popularly known as DISCO, the company chose Scott Hill as the interim CEO while the board looks for a suitable permanent replacement. Hill has been a member of DISCO’s board since June of 2021 and previously held the title of chief financial officer of Intercontinental Exchange.
Camara, a figure who has frequently been in the spotlight, was noted for earning a staggering $110 million in the previous year, a figure which surpassed Apple CEO Tim Cook’s earnings. Much of this income came from $109 million in stock options, on top of a $500,000 salary. Camara also made headlines in the past as the youngest-ever graduate of Harvard Law School.
Under Camara’s leadership, DISCO was listed on the New York Stock Exchange, an achievement few legal technology companies have accomplished. Despite his step-down from these roles, Camara intends to support Hill throughout the transitional period. A glimpse into his experiences leading up to the public offering of DISCO and his views on the state of legal tech can be found here on the LawNext podcast in 2021.
Before joining DISCO, Interim CEO Hill made significant strides in various roles, such as being an international finance executive at the International Business Machines Corporation from 1991 to 2007. He later served as CFO of Intercontinental Exchange from May 2007 to May 2021. He accepted an invitation to DISCO’s board of directors in June 2021, where he also chaired the Compensation Committee and was a member of the Audit Committee.
In response to this transition, Krishna Srinivasan, chair of DISCO’s board of directors, paid tribute to Camara’s vision and dedicated service to the company over the past decade. Srinivasan reiterated the company’s commitment to improving legal outcomes and practitioner experience through better technology.
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For more details about this development, refer to the original article here.