Hsiao-Wei Wang and Tomasz Stańczak will be the new co-executive directors, as Aya Miyaguchi transitions into the organization’s President. Also, ex-EF researcher Danny Ryan shares that he is joining Etherealize.
Mar 1, 2025, 8: 02 p.m. UTC
The Ethereum Foundation (EF), the non-profit organization that supports the development and research of the Ethereum blockchain, shared in a blog post on Saturday that they have selected Hsiao-Wei Wang and Tomasz Stańczak as their new co-executive directors.
The news follows Tuesday’s announcement of Aya Miyaguchi leaving that role to become the EF’s new president. The leadership shake-up follows intense debate among the community about the EF’s role in the ecosystem, as some have blamed the organization and its leadership for the blockchain’s token ether (ETH) price lagging behind other cryptocurrencies, while the blockchain attracted for the first time less new developers than its competitor Solana.
Wang has been at the EF since 2017, where she helped do research on concepts like sharding, as well as contributed to Ethereum’s major overhaul known as “the Merge.” Stańczak founded Nerthermind, one of the largest software or clients that operate the Ethereum blockchain.
“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,” the Foundation said in their blog post.
More shuffling
In addition to Wang and Stańczak assuming their new roles, ex-EF researcher Danny Ryan shared that he would be joining Etherealize, the new project aimed at bringing ETH to Wall Street. The firm was founded by former banker Vivek Raman, who shared previously with CoinDesk that one of the goals of Etherealize is to bridge the gap betw