Jutta Steiner Leaves Polkadot Builder Parity Technologies

The CEO stepped away earlier this year after running the company since 2015, a Parity representative confirmed.

Nov 26, 2021 at 10:21 a.m. UTC
Updated Nov 29, 2021 at 4:01 p.m. UTC

Parity Technologies co-founder and CEO Jutta Steiner has left the blockchain infrastructure company that is behind the Polkadot blockchain network.

A Parity representative confirmed to CoinDesk that Steiner stepped away earlier this year after she had run the company since 2015.

The representative also confirmed that Gavin Wood, a co-founder of the Ethereum blockchain, will assume the role of CEO.

Steiner declined to comment when contacted by CoinDesk.

As CEO of Parity, Steiner helped build Polkadot. Prior to that, she oversaw network security for the Ethereum Foundation between 2014 and 2016.

DOT, the network’s native token, is down 10% in the past 24 hours, according to CoinGecko data.

UPDATE (Nov. 26, 10:49 UTC): Adds Steiner declined to comment.

UPDATE (Nov. 26, 14:07 UTC): Adds DOT price movement.

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Ian Allison is a senior reporter at CoinDesk.