Ethereum (ETH) news: Foundation loses another key leader as Hsiao-Wei Wang resigns

The Ethereum Foundation's (EF) co-executive director Hsiao-Wei Wang shared that she has stepped down from her role leading the organization effective immediately, in a post shared on X on Thursday.

Wang reached the decision after a recent sabbatical, which gave her time to reflect on her priorities and future plans. "I've come to feel that this is the right moment for me to step back," she wrote.

Her departure follows the resignation of fellow co-executive director Tomasz Stańczak, who announced earlier this year that he would leave the role after helping steer a leadership transition at the Switzerland-based nonprofit that supports Ethereum's ecosystem development.

During Wang's sabbatical, Ethereum Foundation board member Bastian Aue helped oversee the leadership transition and has taken on a larger role in guiding the organization in the interim following the departures of both co-executive directors.

Wang's exit adds to a period of upheaval at the Ethereum Foundation. At least eight senior figures have departed the organization over the past five months, fueling community scrutiny of the EF's priorities, governance, and strategic direction, as Ethereum faces mounting competition from rival blockchains.

Wang reflected on Ethereum's broader mission and the contributors who have helped build the network in her statement. "Ethereum has always been bigger than any one role, any one organization, or any one moment," she said.

Read more: Why the Ethereum Foundation is suddenly again at the center of crypto’s culture war

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