Polkadot co-founder Gavin Wood steps down as CEO of Parity

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Polkadot co-founder Gavin Wood steps down as CEO of Parity
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It's a change of title for Gavin Wood, as he steps down as CEO of Parity to become the new chief architect. He will be replaced by Björn Wagner, the co-founder.

on Oct 21, Wood shared that he never desired the CEO role. Although he could act as one for an interim period, it was not a position where he saw himself finding “eternal happiness.”

Wood shared: “Anyone who has worked with me knows where my heart lies. I’m a thinker, coder, designer, and architect. Like many such people, I work best asynchronously.” He added: “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.”

In his statement, Wood announced that the co-founder of Parity, Björn Wagner, will replace him as the new CEO. Wood also shared that he will remain the company’s majority shareholder and will take on the title of chief architect. I’m happy to announce that Parity co-founder Björn Wagner will step up to the role of company CEO while I retain the title of Chief Architect.

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