The Ethereum Foundation (EF), a non-profit organization dedicated to the development of the Ethereum blockchain, has announced significant changes to its leadership team.
On March 1, the EF revealed the appointment of Hsiao-Wei Wang and Tomasz Stańczak as co-Executive Directors, a move aimed at enhancing the organization’s governance structure. Their roles will officially commence on March 17.
The foundation stated that under the guidance of the new co-Executive Directors, it aims to foster the growth of Ethereum and its broader ecosystem while upholding its foundational values of open-source collaboration, security, privacy, and global access without restriction.
The team emphasized that the Ethereum ecosystem faces a “challenging transition” over the next few years, evolving from a small, niche project into a robust, censorship-resistant infrastructure for global finance and software development.
1/ The Ethereum Foundation is thrilled to welcome Hsiao-Wei Wang and Tomasz Stanczak as co-Executive Directors. This new leadership structure marks an exciting new chapter in the Foundation's evolution as we continue to support a growing Ethereum ecosystem.
— Ethereum Foundation (@ethereumfndn) March 1, 2025
Wang brings a wealth of knowledge regarding Ethereum’s evolution, with insights into its research and development processes, as well as the grassroots community of developers and builders. She has spent the past seven years as a core researcher at the Ethereum Foundation and has played a pivotal role in the development of the Ethereum beacon chain. Her engagement extends to active community building, having organized major events within the Ethereum community in Taiwan.
Stańczak, recognized for his strong development background, has previously led the creation of one of the largest execution clients, Nethermind. In this role, he successfully established a recruitment and training framework, contributing to a streamlined organizational structure. Although he will retain a role at Nethermind, he will no longer serve as CEO. The foundation’s announcement expressed confidence that “with Tomasz’s expertise, we can create the same kind of engine [as in Nethermind] at the Ethereum Foundation.”
Aya Miyaguchi Takes on Presidential Role
Just a week prior, Aya Miyaguchi, who has served as Executive Director since 2018, transitioned into a new position as president of the Foundation. “This new opportunity will allow me to continue supporting EF’s institutional relationships and to expand the reach of our vision and culture more broadly,” she noted in a February 25 blog post.
This change comes amid ongoing critiques from the Ethereum community regarding her leadership and the Foundation’s strategic direction. In her post, Miyaguchi acknowledged the “moments of tension” and discussions surrounding the network’s performance and ETH’s market dynamics, asserting that these factors reflect Ethereum’s decentralized nature—“it belongs to everyone precisely because it belongs to no one.”
Very excited to finally announce this! @tkstanczak and @hwwonx will bring fresh execution, and together, we will work to advance the values of Ethereum! https://t.co/apV0splKOi
— Aya Miyaguchi (@AyaMiyagotchi) March 1, 2025
While some members of the community express support for Miyaguchi’s new role and the Foundation’s recent initiatives, others remain skeptical and raise questions regarding the new leadership structure.
In another significant development, the EF announced at the end of February its commitment to donating $1.25 million to the legal defense fund for Alexey Pertsev, a developer connected to the crypto-mixing platform Tornado Cash. Pertsev was sentenced to 64 months in prison for money laundering in May 2024 in the Netherlands, although he has since been released under electronic monitoring.
In financial news, Ethereum’s ETH token saw a 5.2% increase in value over the last 24 hours, currently priced at $2,356. However, it has experienced declines of 12% in a week, 27% within a month, and 31% year-over-year. Since reaching an all-time high of $4,878 in November 2021, the token has seen a decrease of 52%. Its current market capitalization stands at $284.28 billion.
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