VivoPower Announces Key Leadership Recruits

Rhea-AI Summary

VivoPower International (NASDAQ: VVPR) has announced three key leadership appointments to strengthen its executive team. David Mansfield, former VinFast CFO who helped lead its $23B NASDAQ IPO, joins as Group CFO bringing 25 years of financial leadership experience. Keith Loose, with over 20 years in enterprise technology and blockchain, joins as CTO from Block.one. Additionally, Suneet Wadhwa, former Ripple Head of Investments who managed a $500M portfolio with 77% IRR, joins the Board of Advisors. Wadhwa will focus on building VivoPower's DeFi strategy and XRP treasury management. The appointments signal VivoPower's strategic push into digital assets and blockchain technology while maintaining strong financial oversight.

Positive

• Appointment of seasoned CFO David Mansfield with experience in leading VinFast's $23B IPO
• Addition of experienced CTO Keith Loose with strong blockchain and financial platforms background
• Strategic addition of Suneet Wadhwa who achieved 4.2x MOIC and 77% IRR on $500M portfolio at Ripple
• Enhanced leadership team with expertise in capital markets, digital assets, and blockchain technology

Negative

• None.

Insights

Financial Technology Strategist

VivoPower's recruitment of blockchain and digital asset experts signals strategic pivot toward crypto/DeFi, potentially transforming its business model.

VivoPower's appointment of these three executives with deep crypto and blockchain expertise represents a significant strategic pivot that investors should carefully note. The recruitment of Suneet Wadhwa (ex-Ripple Head of Investments) to the advisory board, David Mansfield (ex-VinFast CFO) as CFO, and Keith Loose (ex-Block.one) as CTO suggests a radical transformation in VivoPower's business focus.

Most telling is the repeated reference to an XRP treasury and plans to generate yield through DeFi strategies. This indicates VivoPower likely holds significant XRP token reserves and plans to leverage them within the XRPL ecosystem. Wadhwa's specific mandate to "build out the company's DeFi strategy to generate yield on its XRP treasury" signals a fundamental shift from VivoPower's traditional operations.

Mansfield's experience taking VinFast public in a $23 billion IPO brings valuable capital markets expertise, while Loose's blockchain infrastructure background will support the "buildout of digital asset treasury infrastructure." The collective crypto/blockchain expertise of these hires, combined with explicit mentions of DeFi strategy and XRP holdings, points to VivoPower potentially transitioning from its historical business model toward becoming a crypto/blockchain-focused enterprise with significant digital asset holdings.

Suneet Wadhwa, ex Ripple Head of Investments, joins Board of Advisors 

David Mansfield, ex VinFast CFO, has joined as group CFO

Keith Loose, ex Block.one blockchain and tech infrastructure leader, has joined as group CTO

LONDON, June 12, 2025 (GLOBE NEWSWIRE) -- VivoPower International PLC (NASDAQ: VVPR, “VivoPower” or the “Company”) is pleased to announce key executive leadership appointments, namely David Mansfield as Chief Financial Officer and Keith Loose as Chief Technology Officer. In addition, Suneet Wadhwa, former Head of Investments at Ripple, has joined the Board of Advisors.

David Mansfield brings over 25 years of senior financial leadership experience across global capital markets, financial technology, and sustainable enterprises. He most recently served as Chief Financial Officer (CFO) of VinFast, a global electric vehicle manufacturer where he was a key member of the executive team that led it to a successful US$23 billion initial public offering (IPO) on NASDAQ. Prior to then, Mr. Mansfield held senior roles including as managing director at J.P. Morgan, Credit Suisse, and Goldman Sachs, leading complex capital markets, trading, and structuring functions. He also brings entrepreneurial experience from founding and advising fintech ventures across Asia. Mr. Mansfield will lead VivoPower’s financial strategy, capital allocation, statutory reporting and investor engagement functions.

Keith Loose joins as Chief Technology Officer with over 20 years of experience at the intersection of enterprise technology, blockchain, and infrastructure architecture. He has held senior technology leadership positions at companies including Block Inc (CashApp Financial Platforms), Block.one, OSL Group, CLSA, and J.P. Morgan, with a strong focus on security, performance engineering, and financial platform development. At VivoPower, Mr. Loose will oversee the Company’s digital transformation, cybersecurity, and the buildout of its digital asset treasury infrastructure.

Suneet Wadhwa is a serial tech entrepreneur and executive with a distinguished 30-year career in Silicon Valley. He brings specific experience in the digital asset and decentralized finance industry and his role at VivoPower will be to build out the company’s DeFi strategy to generate yield on its XRP treasury and to spearhead DeFi investments in the XRPL ecosystem. At Ripple, Mr. Wadhwa led a US$500 million institutional investment portfolio, delivering a 4.2x MOIC and 77% IRR across 38 global investments. His track record includes successful exits such as BRD (acquired by Coinbase) and strategic positions in Forte, Flare, Kava, BitPay, and Mintable. His expertise will directly support VivoPower’s XRP treasury strategy and real-world integration across the XRP Ledger (XRPL). Prior to his role at Ripple, Mr. Wadhwa co-founded Snapfish, which was acquired by HP for US$300 million and was an early employee at @Home Network where he was integral to the company’s growth through to their US$35 billion IPO.

Kevin Chin, Executive Chairman and CEO of VivoPower, said: “We are delighted to welcome David, Keith and Suneet to the VivoPower team. Each of them is highly experienced and credentialed in their respective fields, bringing exceptional track records in capital markets, digital asset, decentralized finance and blockchain technology to VivoPower. We have already been working closely with each of them as we execute on a number of significant strategic initiatives across VivoPower.”

About VivoPower 

VivoPower International PLC (NASDAQ: VVPR) is undergoing a strategic transformation into the world’s first XRP-focused digital asset enterprise. The Company’s new direction centers on the acquisition, management, and long-term holding of XRP digital assets as part of a diversified digital treasury strategy. Through this shift, VivoPower aims to contribute to the growth and utility of the XRP Ledger (XRPL) by supporting decentralized finance (DeFi) infrastructure and real-world blockchain applications.

Originally founded in 2014 and listed on Nasdaq since 2016, VivoPower operates with a global footprint spanning the United Kingdom, Australia, North America, Europe, the Middle East, and Southeast Asia. An award-winning global sustainable energy solutions B Corporation, VivoPower has two business units, Tembo and Caret Digital. Tembo is focused on electric solutions for off-road and on-road customized and ruggedized fleet applications as well as ancillary financing, charging, battery and microgrids solutions. Caret Digital is a power-to-x business focused on the highest and best use cases for renewable power, including digital asset mining.

Forward-Looking Statements

This communication includes certain statements that may constitute “forward-looking statements” for purposes of the U.S. federal securities laws. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterisations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about the achievement of performance hurdles, or the benefits of the events or transactions described in this communication and the expected returns therefrom. These statements are based on VivoPower’s management’s current expectations or beliefs and are subject to risk, uncertainty, and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks and uncertainties affecting the operation of VivoPower’s business. These risks, uncertainties and contingencies include changes in business conditions, fluctuations in customer demand, changes in accounting interpretations, management of rapid growth, intensity of competition from other providers of products and services, changes in general economic conditions, geopolitical events and regulatory changes, and other factors set forth in VivoPower’s filings with the United States Securities and Exchange Commission. The information set forth herein should be read in light of such risks. VivoPower is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements whether as a result of new information, future events, changes in assumptions or otherwise.

Contact 
Shareholder Enquiries 
media@vivopower.com

FAQ

Who are the new executives joining VivoPower (VVPR)?

VivoPower has appointed David Mansfield as CFO (former VinFast CFO), Keith Loose as CTO (former Block.one leader), and Suneet Wadhwa (former Ripple Head of Investments) to its Board of Advisors.

What is David Mansfield's experience before joining VivoPower as CFO?

David Mansfield was previously CFO at VinFast where he helped lead a $23B NASDAQ IPO, and held senior roles at J.P. Morgan, Credit Suisse, and Goldman Sachs with 25 years of financial leadership experience.

What will be Suneet Wadhwa's role at VivoPower (VVPR)?

Suneet Wadhwa will build out VivoPower's DeFi strategy, generate yield on its XRP treasury, and spearhead DeFi investments in the XRPL ecosystem.

What is Keith Loose's background before becoming VivoPower's CTO?

Keith Loose has over 20 years of experience in enterprise technology and blockchain, having held senior positions at Block Inc (CashApp), Block.one, OSL Group, CLSA, and J.P. Morgan.

What was Suneet Wadhwa's track record at Ripple?

At Ripple, Wadhwa led a $500M institutional investment portfolio achieving 4.2x MOIC and 77% IRR across 38 global investments, including successful exits like BRD's acquisition by Coinbase.