Coin World News reports that according to official news from Parity Technologies, co-founder Gavin Wood has announced his return to the CEO position in late August, succeeding the departing Björn Wagner. Gavin Wood stepped down as CEO in 2022 to focus on protocol development and stated that the foundational architecture is now complete, and the market is ready, allowing for a faster push toward the next phase of growth upon his return as CEO. During Björn's three-year tenure, he led the team to consistently deliver and expand into new areas during the bear market, laying a solid foundation for Parity. The official statement indicates that the team's daily operations and projects will remain unchanged, and a strategic upgrade is expected in the future.