- The Ethereum Foundation announced a leadership restructuring with former Executive Director Aya Miyaguchi becoming president while researchers Hsiao-Wei Wang and Tomasz Stańczak will serve as co-directors starting March 17.
- Despite claims from co-founder Vitalik Buterin that these changes were planned for over a year, they coincide with growing criticism over Ethereum’s direction and price performance compared to competitors.
- The Foundation describes its current challenges as transitioning from an early-stage project serving enthusiasts to becoming a “robust permissionless censorship-resistant base layer of the global finance and software stack”.
- Ethereum’s price continues to lag behind rival Solana, with ETH still trading at roughly half its 2021 all-time high while SOL reached new peaks in 2025.
The Ethereum Foundation has been through a rough patch, with weeks of discussions and disputes around its leadership.
Last week then-Ethereum Foundation Executive Director, Aya Miyaguchi, announced she would be moving on from her role to become the Foundation’s president.
Over the weekend the Ethereum Foundation said that it has made changes to its leadership structure, which will have two co-directors at the helm of the Foundation.
Hsiao-Wei Wang and Tomasz Stańcza have been named as the team leading the organisation behind the second-largest crypto.
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Wang was a core researcher at the Ethereum Foundation for the past seven years and “has worked across many areas of research and was a key contributor to the Ethereum beacon chain”.
Duo Well Qualified to Lead Ethereum in “Challenging Transition”, Says Foundation
A blog post praised Wang’s insight and capabilities, saying she has first-hand experience of “how Ethereum has evolved, from its R&D process, to its grassroots community, to its application developers and builders”.
It also gives her a deep understanding of Ethereum’s core values, and the Ethereum Foundation’s unique role within our decentralized ecosystem as a steward of those values.
Ethereum FoundationStańczak on the other hand is an outside hire and previously worked for Nethermind, a large “execution client” on Ethereum. According to the post he brings with him a “development background as a leader with proven results”.
At Nethermind, Tomasz has built up an extremely effective talent recruitment and training pipeline, and a highly functional organization. With Tomasz’s expertise, we can create the same kind of engine at the Ethereum Foundation.
Ethereum FoundationThe new leadership team will start their roles on March 17, in an effort to steer Ethereum’s “challenging transition from being an early-stage project serving a small number of enthusiasts to being a robust permissionless censorship-resistant base layer of the global finance and software stack”.
Changes Had Been in The Making for a While, Claims Buterin
Ethereum Co-founder Vitalik Buterin and Miyaguchi said the leadership changes had been in the works for over a year. The claims come as public criticism over Ethereum’s direction has likely added pressure to make these changes.
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Ethereum has been lagging behind in its price performance especially when compared to its largest rival, Solana.
While SOL made a new all-time high (ATH) in 2025, ETH is still hanging on to its ATH from 2021. On November 16, 2021 it reached US$4,891 (approx. AU$7,855), while today one ETH trades for US$2,458 (AU$3,947).
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