Hsiao-Wei Wang resigned as co-executive director and board member of the Ethereum Foundation on Thursday, marking the second time in four months that a top leader has left the Switzerland-based nonprofit. The departure adds to a wave of leadership turnover that has been building since the spring.
Another exit at the top
Wang's resignation follows the exit of her fellow co-executive director earlier this year. The foundation, which oversees development and community grants for the Ethereum ecosystem, has not publicly detailed the reasons behind either departure. The pattern of senior-level turnover has drawn attention within the Ethereum community, though the foundation has offered little public commentary.
Ongoing leadership churn
The Ethereum Foundation is organized as a non-profit under Swiss law, with a board and executive team that have remained relatively stable until recent months. Since spring, however, the organization has seen a steady trickle of departures beyond the two co-executive directors. The foundation has not released a statement addressing the broader turnover or outlining any restructuring plans.
What comes next
With Wang gone, the foundation's day-to-day leadership falls to the remaining co-executive director and the board. No replacement has been named, and it is unclear whether the foundation will keep the co-executive structure or shift to a single executive director model. The organization has not set a timeline for making that decision.
