Ethereum Foundation reshuffles leadership, separates board and management

The Ethereum Fund has clarified the roles of the board and management team as it seeks to strengthen the ecosystem amid a sharp decline in Ether prices.

The Ethereum Foundation, the organization supporting the development of the Ethereum blockchain, has restructured its leadership to separate the responsibilities of the management team and the board of directors.

The board will act as a “security council to protect the heart and soul” of the fund and set the vision for Ethereum, while the new management team will focus on implementing the strategy and operations of those visions, the Fund said in a blog post on April 28.

The post from April 28 revealed that Hsiao-Wei Wang and Tomasz K. Stańczak were appointed as co-CEOs on March 2 to realize those visions — focusing on supporting anti-censorship, open-source innovation, privacy, and security.

Wang and Stańczak's roles take effect on April 28 as the foundation sets a two-year term for Stańczak to address some of Ethereum's biggest challenges. Stańczak's new role will balance with his work as the founder of Ethereum infrastructure company Nethermind and an upcoming venture capital firm focused on Ethereum.

Bastian Aue and Josh Stark are also members of the management team, with Aue focusing on organizational strategy, recruitment, and training, while Stark is primarily tasked with project implementation, communications, and marketing.