As previously noted, the governance structure of the Foundation is changing to allow the Council to gradually step back from day-to-day managerial duties and to put a separate executive team in place.
Consequently, the areas of competence so far covered by the former President of the Foundation will be split into two different roles: an Executive Director, who is not a Council member, will lead the Foundation’s executive team and oversees the Foundations day to day administration, and a Chair of the Foundation Council will lead the governance and supervision matters of the Foundation. You can find additional details regarding the changes to the Foundation’s governance structure here.
As part of this new structure, there are a number of transitions and new additions to announce.
On the Foundation Council, as previously announced, current Tezos Foundation President, Ryan Jesperson, is not seeking re-election and will no longer serve on the Executive Committee. Current Council members Ryan Lackey and Michel Mauny are also stepping down, though they will continue to be involved in the Tezos project. Ryan Lackey will stay on as an advisor, though not a member of the Executive Committee, and Michel is focusing on his role as the new President of Nomadic Labs, a team focused on the development of the Tezos core software. We thank all three departing members for all of their service to the Tezos Foundation and their tireless efforts to push the project forward.
The Tezos Foundation is also thrilled to announce the appointment of two new Council members, Alice Lloyd George and Olivier Jaillon.
Alice Lloyd George is the founding partner of early stage venture fund Rogue Capital. Since 2013 Alice has been investing in emerging technology and internet culture in areas including gaming, blockchain, machine intelligence and computer vision, robotics, virtual and augmented reality and NewSpace. Originally from the UK, Alice was previously an investor at Bridgewater Associates, a fellow at the Brookings Institute in Beijing and Washington DC and a reporter with the Wall Street Journal in Hong Kong.
Olivier is the CEO of La Parisienne Assurances, a leading French insurance company that delivers customized white label insurance products to brokers, insur-tech firms and non-insurance distributors across Europe. He joins the Foundation Council with decades of experience in the financial services and insurance industries and a demonstrated track-record of integrating technology solutions to transform industries.
Hubertus Thonhauser, who has been a Council member since April 2018, will serve as the new Chairman of the Council and interim member of the Executive Committee. Alexis Bonte, Marylène Micheloud, and Lars Haussmann will continue to serve in their current roles as Council members.
An additional Council member with a strong engineering background will be added in the coming months. To ensure the best possible selection, the Tezos Foundation has brought on a leading international management recruitment firm to assist in the process.
In addition to personnel changes within the Council, the Foundation is proceeding with the expansion of the executive and the administrative team.The process of hiring an Executive Director, who will handle day-to-day administration and lead the implementation of the Foundation’s strategy, is progressing as planned and should be completed by early Q3 2020. Additional executive hirings covering product and engineering management are in progress.
Also on the executive team, Roman Schnider will continue in his role as Chief Financial Officer and Head of Operations while Ulrich Sauter will remain as General Counsel for the Foundation. Hubertus Thonhauser will remain part of the executive team on an interim basis until the hiring of the Executive Director role is complete.
Finally, David Fuchs will join the Tezos Foundation as a senior team member and the new Head of Enterprise adoption EMEA. David has extensive background in the financial industry, most recently serving as Senior Business Manager of Digitalization at the Vontobel, a swiss Bank, where he led the firm’s blockchain and DLT efforts, electronic execution service, the account management / sales of B2B products and services. Prior to Vontobel, David worked for the SIX Swiss Exchange, Credit Suisse and as a consultant for various financial service companies.
The Tezos Foundation firmly believes the transformation of the governance structure and consequent personnel changes will enable the Foundation to better execute on its mission to support the longevity and success of Tezos. We look forward to what’s in store.