- The Ethereum Foundation has changed its leadership structure to separate powers
- It has split the structure into two: a board of directors and a management team
- The board protects the foundation’s “heart and soul,” while the management focuses on achieving the Ethereum vision
The Ethereum Foundation (EF) has overhauled its leadership structure to separate responsibilities and ensure a smooth advancement of the Ethereum vision. The new structure now has a board of directors to protect the foundation’s “heart and soul” and a management team focusing on executing the Ethereum vision. In an announcement, the foundation disclosed that the move is designed to strike a balance between its vision, “balanced execution, technical direction, and ecosystem development.”
Wang and Stańczak Lead the Management Team
According to the foundation, the management team will be led by EF’s co-executive directors Hsiao-Wei Wang and Tomasz Stańczak. Other members include Bastian Aue and Josh Stark. Aue will handle organization strategy, hiring, and training, while Stark will focus on project execution, communication, and marketing.
The board of directors comprises Ethereum founder Vitalik Buterin, EF’s president Aya Miyaguchi, Swiss counsel Patrick Storchenegger, and Hsiao-Wei Wang. Buterin will continue with his role of providing “technical and intellectual guidance to the broader Ethereum ecosystem.”
Miyaguchi helps set EF’s vision and manage “some key external relationships,” while Storchenegger heads the legal docket. Wang, who is also an executive director, will link the board with the management team.
“An Unconventional Decision” for a Complementary Role
The foundation admitted that Stańczak and Wang’s appointment as co-executive directors is “an unconventional decision,” but noted that it allows them to “complement one another.” EF also disclosed that Stańczak will hold the co-executive director role for two years. Stańczak will still be involved with other companies like Nethermind during his tenure at the foundation.
The restructuring comes two months after the foundation unveiled a new leadership and a week after it disclosed intentions to address layer-1 scaling challenges. The foundation is also increasing its involvement in the DeFi world by depositing $120 million into several DeFi platforms.
With the new EF structure, it’s to be seen whether it’ll help increase the foundation’s interaction with the Ethereum community and keep Ethereum as the leading DeFi blockchain.
