Binance appointed co-founder Yi He as co-CEO, elevating one in all its earliest architects to a proper management function alongside chief government Richard Teng.
In a Wednesday announcement on stage at Binance Blockchain Week, Binance CEO Richard Teng mentioned co-founder Yi He had been appointed co-CEO. Teng mentioned He “has been an integral part of the executive leadership team since the launch of Binance,” calling the appointment “a natural progression.”
Teng added that He, Binance’s chief advertising and marketing officer previous to her appointment as co-CEO, is essential in increasing Binance’s neighborhood and driving product innovation. Yi He mentioned that sharing the CEO function with Teng will make use of two very totally different views, with Teng bringing his expertise in regulated monetary markets.
Yi He is a crypto native who co-founded Binance in 2017 alongside Changpeng “CZ” Zhao.
Richard Teng was appointed as Binance’s CEO back in late November 2023, after CZ resigned and pleaded responsible to fees levied towards him by the US Department of Justice. Until then, Teng served as the corporate’s head of regional markets outdoors of the United States.
