Yi He, who helped set up Binance
$11.68B
, has taken on the function of co-CEO as of December 3.
This adjustment locations her alongside Richard Teng, which reinforces the corporate’s management as Binance focuses on rising its world presence and constructing its Web3 ecosystem.
Earlier than accepting this place, Yi He was instrumental because the chief advertising and marketing officer. Her promotion to co-CEO follows recognition of her contributions and affect throughout the group.
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Her expertise dates again to Binance’s launch interval, throughout which she labored intently on model improvement and consumer relationships. Yi He is management has been credited with shaping lots of the agency’s methods which have attracted a worldwide consumer base.
Richard Teng grew to become CEO after Changpeng Zhao stepped down in late 2023. Zhao resigned following authorized actions associated to breaches of US anti–cash laundering laws.
Whereas Zhao has since obtained a pardon, selections concerning any return to lively administration are nonetheless pending.
Within the new construction, Yi He’s anticipated to proceed guiding product route and neighborhood efforts, complementing Teng’s deal with regulated markets and compliance issues.
YZi Labs not too long ago requested CEA shareholders to broaden the board and appoint its nominees after submitting a consent assertion with the SEC. What does the proposal embody? Learn the complete story.
