The Ethereum Foundation (EF), a non-profit dedicated to the advancement and research of the Ethereum blockchain, announced the selection of Hsiao-Wei Wang and Tomasz Stańczak as co-executive directors.

Key Highlights:

• The appointment follows Aya Miyaguchi’s transition to the role of president from executive director.
• Former EF researcher Danny Ryan revealed his new role at Etherealize, a project focused on integrating Ethereum into Wall Street.

Background: Wang has been with the EF since 2017, contributing to significant research and developments, notably Ethereum’s Merge. Stańczak is the founder of Nethermind, a crucial software client in Ethereum’s operations.

In a recent statement, the Foundation emphasized, “Over the next few years, the Ethereum ecosystem needs to navigate the challenging transition from being an early-stage project serving a small number of enthusiasts to being a robust permissionless censorship-resistant base layer of the global finance and software stack.”

Additional Leadership Changes:

Besides the appointments, the reshuffling comes amid community discussions regarding the EF’s influence in the ecosystem. Some community members have pointed to perceived deficiencies in the EF’s strategy as contributing factors to the lagging performance of Ethereum’s token, ether (ETH), compared to its competitors.