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The startup producing the Polkadot and Kusama blockchain ecosystems, Parity Technologies, has recruited three senior appointments to its executive team, including founder and CEO Gavin Wood.
Eran Barak as a chief operating officer (COO), Peter Ruchatz as chief marketing officer (CMO), and Fahmi Syed as a chief financial officer, are the new leaders joining Parity (CFO).
It is an optimistic indicator that the Polkadot project is in excellent condition; other crypto businesses appear to be laying off employees as the sector prepares for a possibly protracted market.
Barak, a graduate of Tel Aviv University in computer technology, has held top positions with Thomson Reuters, Amdocs, and Symphony Communications.
Ruchatz, who will be responsible for creating Polkadot’s brand, educating the market, and engaging the community, has held key positions at Microsoft and Salesforce.
Before joining Parity, Syed was COO of the 2021-founded hedge fund FIFTHDELTA, which began with $1.25 billion in management. Prior to it, he was a member of Marshall Wace’s non-investment team.
In November of last year, CoinDesk reported that Jutta Steiner, co-founder, and CEO of Parity Technologies, was stepping down from her lengthy leadership position, which Wood assumed.
