will replace Wood as CEO.

Gavin Wood, the co-founder of Polkadot, is stepping down as the CEO of blockchain infrastructure company Parity Technologies. Parity is the development company behind the Polkadot ecosystem.  In a statement released 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 bec...