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Gavin Wood to step down as Parity Technologies CEO

Gavin Wood to step down as Parity Technologies CEO

Gavin Wood, founder of Polkadot, has stepped down from the role of CEO of Parity Technologies, the company behind the protocol. According to Bloomberg.

According to the report, his place will be taken by the project’s co-founder Bjorn Wagner. Wood will remain a majority shareholder in Parity.

Update:

Wood, in a statement to CoinDesk confirmed his decision. He said he will focus on making Polkadot “more accessible to the wider public” in his new role as chief architect.

Earlier, Parity Technologies representatives told ForkLog about new appointments in the leadership. On the post of Chief Operating Officer, Eran Barak was appointed; the post CFO was taken by Fahmi Sayed, CMO — Peter Ruchatz.

In September, the organization published a project roadmap overview for the project. Developers focused on areas such as scalability, improvements, and interoperability between parachains, Relay Chain governance, staking, and bridges to other ecosystems.

In August, Michael Saylor stepped down from the CEO role at MicroStrategy, but remained chairman of the board.

A month later, Kraken co-founder Jesse Powell made a similar announcement. His place was taken by Chief Operating Officer Dave Ripley.

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