Co-founder of Polkadot Gavin Wood is resigning from his position as CEO of blockchain infrastructure provider Parity Technologies (Polkadot ecosystem’s development firm).
Gavin Wood admitted that he had no interest in becoming CEO of Parity in a statement made public on October 21. Although he could do so in the short term, he did not see himself in that role as one where he would experience “everlasting happiness.”
“Anyone who has worked with me knows where my heart belongs,” said Wood. I’m an architect, designer, coder, and thinker. My best work is done asynchronously, like many others. Added him:
“A good CEO needs to be available to others on a far more continuous basis. They need to enjoy representing the company, both internally and externally. They need to not be bothered by large swathes of their time becoming eaten up in meetings and calls with a plethora of multicoulored boxes on their calendar.”
Wood declared in his statement that Björn Wagner, another Parity co-founder, would take over as the company’s CEO. Wood also disclosed that he would continue to maintain the majority of the company’s stock and assume the role of chief architect.
Wood stated that in his new position, he will help make “Polkadot and Web3 more relevant to vast swathes of the populace.” He will start this project by working with the community to create a number of chain-integrated social primitives that he feels are crucial to a genuine Web3 platform.
Wood, Aeron Buchanan, TJ Saw, Ken Kappler, and Jutta Steiner established Parity as EthCore in late 2015; a year later, Björn Wagner joined the company as a co-founder. Following its launch in 2020, the Polkadot ecosystem experienced rapid expansion, which led many industry watchers to consider it a potential rival to Ethereum for smart contracts.
