CEO of Starknet Foundation Announces Resignation

On August 6, 2024, Starknet Foundation (SNF), the organization supporting the development of layer-2 Starknet, announced that CEO Diego Oliva will officially step down after more than a year of leadership. However, Diego Oliva will remain for one month to assist with the transition.

Achievements of Diego Oliva

Diego Oliva has held the position of CEO and accompanied Starknet Foundation since March 2023, playing a crucial role in establishing and strengthening a robust team. In the announcement, Starknet Foundation asserted that under Oliva’s leadership, SNF has achieved significant milestones, including:

• Expanding from an initial team of just 2 part-time employees to over 30 full-time experts with high expertise.
• Successfully launching the STRK token airdrop event (Starknet Provisions Program).
• Signing more than 100 agreements with infrastructure teams through Developer Partnerships.
• Expanding programs to attract developers to the Starknet ecosystem, such as Basecamp and Hacker Houses.
• Initiating multiple projects to stimulate ecosystem development, such as “DeFi Spring, Seed Grants, Catalyst, and Propulsion programs.”

Related: What is StarkNet? Information About STRK Token

Successor James Strudwick

James Strudwick, who has been with SNF since January 2024, will assume the role of CEO and continue developing the Starknet ecosystem. He is currently the Head of Ecosystem Development at Starknet Foundation. Before joining SNF, he had many years of experience in the crypto field at projects like Mina, Tezos, and was a founding member of Paradigm Securities – a company providing crypto trading services to individuals, hedge funds, and small businesses.

Following this announcement, the price of STRK did not experience significant volatility and remains in a downtrend over the larger time frame, due to being initially overvalued.