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Starknet Shakes up Its Executive Ranks: Here’s What You Need To Know

Starknet Shakes up Its Executive Ranks: Here’s What You Need To Know

DailycoinDailycoin2024/08/07 02:15
By:Dailycoin
  • Starknet Foundation’s CEO is stepping down.
  • The Foundation’s head of growth will be stepping up into a newly created role.
  • The Foundation’s new leadership boasts years of experience in traditional finance and crypto.

Over the past few years, several crypto projects have announced structural and leadership changes to deal with changing market conditions or signal a new direction. 

In the latest instance, the Starknet Foundation, the non-profit dedicated to supporting the development of prominent Ethereum Layer 2 Starknet, has announced a leadership change to focus on growth and adoption.

Starknet CEO Bows Out

The Starknet Foundation is set to undergo a major leadership overhaul. On Tuesday, the Foundation announced that CEO Diego Oliva would be stepping down after nearly one and a half years at the helm. 

Sponsored

Explaining the rationale for the move, the Starknet Foundation suggested that Oliva, who was brought on for his ability to run and scale businesses, had accomplished his task, citing the team’s increased headcount, successful projects like DeFi Spring, and programs like Basecamp. Against this backdrop, the Foundation suggested it was time to shift gears.

Following Oliva’s exit, the Starknet Foundation will be swapping the role of CEO for that of an Executive Director. Set to step into the new role is James Strudwick, who has served as the Starknet Foundation’s head of ecosystem growth for the past eight months.

What You Need To Know About Starknet’s New Executive Director

The Starknet Foundation’s new Executive Director, James Strudwick, boasts an educational background in management and business administration, as shown on his LinkedIn page . With this background, he has ventured into several roles in traditional finance and crypto over the past decade, including founding a crypto trading desk called Paradigm Securities in 2016 and leading business development for a little-known Tezos-facing project called TQ.

Sponsored

Just before joining the Starknet Foundation, Strudwick had a two-year stint, from 2022 to 2024, at the Mina Foundation, the non-profit behind the popular lightweight ZK-powered Mina Protocol designed to allow users to prove “anything.” During this period, he served as head of business development for a year before moving on to assume the role of vice president of growth.

At the Starknet Foundation, the team claims Strudwick “has proven to be an adept and creative leader, an energetic community builder, and a deeply knowledgeable and thoughtful ecosystem expert.”

Strudwick has announced his promotion on LinkedIn and expressed excitement about the new role.

"I'm thrilled to announce my promotion to Executive Director at Starknet Foundation! I am incredibly excited about leading this innovative company and collaborating with the amazing team here as we embark on the next phase of our journey," he wrote.

On the Flipside

  • Starknet’s Diego Oliva is expected to stay on for one month to ensure a smooth transition process.

Why This Matters

The Starknet Foundation offers critical support for the Starknet protocol. Strudwick’s leadership could play a significant role in the network’s growth and direction.

Read this for more on Starknet:
Starknet Discord Hacked! Are You Compromised? Find out Here

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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