Leadership Changes at Binance
In a significant leadership shift, Binance has officially named co-founder Yi He as co-CEO, sharing this elevated role with Richard Teng. This announcement was made during the Binance Blockchain Week event, highlighting He’s extensive contributions since the exchange’s inception in 2017.
Background on the Leadership Transition
As per Richard Teng, who assumed the CEO position following the resignation of Changpeng “CZ” Zhao in late November 2023 due to legal issues with the U.S. Department of Justice, He’s role reflects a natural evolution of her relationship with the company.
Yi He’s Contributions
Previously serving as Binance’s chief marketing officer, Yi He is recognized for her pivotal role in building the exchange’s community and fostering product advancements. Her partnership with Teng, an expert in regulated financial markets, is expected to blend their diverse perspectives, enhancing Binance’s strategic direction.
Future Outlook
Teng emphasized the importance of He’s insights gained from her deep-rooted experience in cryptocurrency, indicating that this dual leadership could drive further innovation for the organization.
