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Finance

Jutta Steiner Leaves Polkadot Builder Parity Technologies

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

By Ian Allison
AccessTimeIconNov 26, 2021 at 10:21 a.m. UTC
Updated May 11, 2023 at 7:08 p.m. UTC
Jutta Steiner (center) (Parity Technologies)
Jutta Steiner (center) (Parity Technologies)

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.

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    • 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.

    Polkadot is on the cusp of activating the first set of projects to win slots on its network of interoperable parachains, scheduled to go live on Dec. 17.

    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.

    Disclosure

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    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Ian Allison
    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.

    Follow @IanAllison123 on Twitter