The news was officially released on October 21, 2022. Gavin Wood is stepping down as CEO of Parity Technologies to make way for Björn Wagner. He was in charge of it for 2 years within this blockchain infrastructure company of which he is the founder.
“The role of CEO has never been what I wanted,” says Gavin Wood
In his statement published on October 21, Gavin Wood emphasizes an essential point: his role as CEO. He specifies that such a function has never been done to him. He was expected to spend most of his time attending meetings and representing the blockchain infrastructure company overseas.
Missions that didn’t allow him to blossom as an architect, he explained, adding that he was above all “a thinker, a programmer and a designer, rather than a managing director”. For this he decided to be replaced by Björn Wagner, another co-founder of Parity Technologies.
Gavin Wood remains the majority shareholder of the blockchain infrastructure company
Sure, Gavin Wood handed over management of Parity Technologies to co-founder Björn Wagner. This doesn’t mean you leave the company. This well-known personality of the blockchain ecosystem remains the majority shareholder of the company. More importantly, he will participate in the development of Parity Technologies. To do this, he will take on another role.
Concretely, Gavin Wood will focus his efforts and expertise on a specific goal: making Polkadot and Web3 more relevant to large sections of the population. No longer as CEO, but under the protection of the chief architect.
To better devote himself to his passion and the work close to his heart, Gavin Wood has seen fit to entrust the reins of Parity Technologies to Björn Wagner. From now on he will contribute to the development of his company as chief architect, but no longer as managing director.
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My name is Ariela and I’m 31 years old. I have been working in the field of web writing for the past 7 years. I only discovered trading and cryptocurrencies a few years ago. But it is a universe that interests me very much. And the topics covered within the platform allow me to learn more. A singer in my free time, I also cultivate a great passion for music and reading (and animals!