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Jutta Steiner Leaves Polkadot Builder Parity Technologies
The CEO stepped away earlier this year after running the company since 2015, a Parity representative confirmed.
Parity Technologies co-founder and CEO Jutta Steiner has left the blockchain infrastructure company that is behind the Polkadot blockchain network.
A Parity representative confirmed to CoinDesk that Steiner stepped away earlier this year after she had run the company since 2015.
STORY CONTINUES BELOW
The representative also confirmed that Gavin Wood, a co-founder of the Ethereum blockchain, will assume the role of CEO.
Steiner declined to comment when contacted by CoinDesk.
As CEO of Parity, Steiner helped build Polkadot. Prior to that, she oversaw network security for the Ethereum Foundation between 2014 and 2016.
Polkadot is on the cusp of activating the first set of projects to win slots on its network of interoperable parachains, scheduled to go live on Dec. 17.
DOT, the network’s native token, is down 10% in the past 24 hours, according to CoinGecko data.
UPDATE (Nov. 26, 10:49 UTC): Adds Steiner declined to comment.
UPDATE (Nov. 26, 14:07 UTC): Adds DOT price movement.
Ian Allison
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
