Cardano Foundation Says Goodbye To Its Chairman

The Cardano Foundation announced a major change in its Council, according to a statement on the company’s official website.

Michael Parsons, the Chairman of the Foundation Council, resigned with the decision taking effect immediately. The news came as no surprise after the recent outbreak of war within the Cardano ecosystem and litany of criticisms against the unpopular Parsons. Community members had been demanding his resignation, and eventually, this pressure resulted in the management reshuffle.

In the interim, another Council Member, Pascal Schmid, will chair the Cardano Foundation. Mr. Schmid is a graduate of the University of St. Gallen and a qualified expert in finance. However, the Foundation emphasized that it was only an interim appointment, and the company is searching for “suitable persons as soon as possible.”

Why it…

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