In a significant development for one of crypto’s largest non-profits, the Ethereum Foundation (EF) has revealed a new leadership structure consisting of two co-directors. This move comes after backlash from community members on the recent struggles and issues of the ETH ecosystem.
EF Introduces Two Executive Directors
On Saturday, March 1, the Ethereum Foundation unveiled its new leadership structure consisting of two co-executive directors — Hsiao-Wei Wang and Tomasz Stańczak. This new structure will come into place following the changes that saw former executive director Aya Miyaguchi take up the role of the organization’s president.
Wang, a core researcher at the EF, has experience in several research areas and was a major contributor to the Ethereum beacon chain — launched in December 2020. “Just as Ethereum continues to evolve, so does the EF—but the core values we have upheld for years remain unchanged,” Wang said in reaction to her appointment with a post on social media platform X.
Stańczak is the founder of Nethermind, one of the largest execution clients on the Ethereum blockchain. According to the announcement blog post, the crypto founder will be looking to replicate Nethermind’s effective talent recruitment and training pipeline at the Foundation.
Source: @tkstanczak/X
The announcement blog post read:
Under the leadership of Hsiao-Wei and Tomasz, EF is going to ensure that Ethereum and the ecosystem can grow while at the same time making sure that this growth advances the core values that motivated Ethereum’s existence in the first place, such as open source, permissionless global collaboration, privacy and security.
Wang and Stańczak will resume their new roles as co-executive directors of the Foundation on March 17, 2025. It is worth noting that Stańczak will “continue to be involved in Nethermind, but is in the process of transitioning out of his CEO position.”
Danny Ryan Returns To Ethereum Ecosystem
Wang is not the only EF researcher that will be assuming a higher role in the ecosystem. Former developer Danny Ryan will now return as co-founder of Etherealize, which will serve as the institutional marketing and product arm for the Ethereum ecosystem. The leadership position at Etherealize will be shared with Vivek Raman.
Ryan said in a post on X:
Our work at [Etherealize] sits at the confluence of real adoption, commonsense regulation, ecosystem development, and critical R&D across L1, L2, and the application layer. Where [Vivek] serves as a bridge from the real world into Ethereum, I’ll serve as a bridge from Ethereum back into the real world.
As of this writing, the Ether token is valued at $2,212, reflecting a 20% price decline in the past seven days.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Featured image from iStock, chart from TradingView
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