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Gavin Wood Steps Down as Parity Technologies CEO

ByLouis Adams

Oct 24, 2022
Reading time: < 1 minute

Polkadot founder Gavin Wood has stepped down as CEO of Parity Technologies, the organization behind the protocol.

According to Bloomberg, the position will be taken by the company co-founder Björn Wagner. Wood will remain the majority shareholder of Parity.

It has previously been reported that Eran Barak has been invited to the post of COO, Fahmi Syed has taken the post of CFO and Peter Ruchatz the post of CMO.

The organization published last month an overview of the project’s roadmap. The developers focused on categories such as scalability, parachain enhancement and connectivity, relay chain management, staking, and bridges to other ecosystems.

Michael Saylor stepped down in August as CEO of MicroStrategy, but remained the head of the board of directors of the company.