Gavin Wood, the co-founder of Polkadot, has stepped down as the chief executive officer of Parity Technologies, a blockchain infrastructure company, which helped develop the Polkadot ecosystem.
Wood revealed he never wanted the CEO role as it was not a position where he saw himself finding “eternal happiness”. He said anyone who has worked with him knows where his heart lies. Wood described himself as a thinker, coder, designer, and architect. He works best asynchronously. Wood believes a good CEO needs to be available to others on a far more continuous basis. He said they need to enjoy representing the company, internally and externally, and not be bothered by their time being consumed in meetings and calls.
Bjorn Wagner, the co-founder of Parity, will take over as the new CEO. Wood will remain Parity Technologies’ majority shareholder and will take on the title of chief architect. He will also contribute to making Polkadot and Web3 more relevant to large swathes of the population. Wood will help the community design and build several chain-integrated social primitives that are essential to a true Web3 platform.
It should be noted that Wood, Aeron Buchanan, TJ Saw, Ken Klapper, and Jutta Steiner founded Parity Technologies in late 2015 as EthCore. A year later, Bjorn Wagner joined them as co-founder.