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Polkadot Builder Parity Technologies Adds 3 Executives
The new executives are Chief Operating Officer Eran Barak, Chief Marketing Officer Peter Ruchatz and Chief Financial Officer Fahmi Syed.
Parity Technologies, the firm building the Polkadot and Kusama blockchain ecosystems, has added three senior executives to round out its leadership team, alongside founder and CEO Gavin Wood.
Eran Barak was named chief operating officer, Peter Ruchatz chief marketing officer and Fahmi Syed chief financial officer.
STORY CONTINUES BELOW
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It’s a bullish sign for the Polkadot project, as elsewhere crypto firms are shedding jobs as the industry anticipates a potentially prolonged bear market.
Barak, a computer science graduate from Tel Aviv University, has held senior roles at Thomson Reuters, Amdocs and Symphony Communications.
Ruchatz, who will be building Polkadot’s brand, driving market education and community engagement, has held senior positions at Microsoft and Salesforce.
Before joining Parity, Syed was COO of hedge fund FIFTHDELTA, which launched in 2021 with $1.25 billion in assets under management. Prior to that, he was part of the non-investment team of hedge fund Marshall Wace.
Last November, CoinDesk revealed Parity Technologies co-founder and CEO Jutta Steiner was leaving her longstanding leadership role, which Wood took over from her.
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.
