Morph CEO Steps Down; New Leadership Announced
Cecilia Hsueh, co-founder and CEO of the Ethereum Layer 2 project Morph, has announced her resignation. While this may come as a surprise, Hsueh believes the time is right for change. Her decision follows co-founder and COO Azeem Khan’s earlier departure. Morph, based in Singapore and founded in 2023, developed a Layer 2 network incorporating optimistic and zero-knowledge rollups, raising $20 million in initial funding. The leadership transition was initiated three months ago and is now complete, with Chief Growth Officer Colin Goltra stepping in as CEO. Known for his decade-long experience in Web3, Goltra previously held roles at YGG and Binance. Under Goltra, Morph aims to continue its development, offering decentralized applications new potential in finance, gaming, and more. The company's mainnet debuted in October 2024. Hsueh remains an advisor, while Morph’s backers include major crypto investors like Pantera Capital. The Block has no involvement in the decision-making at Morph.
FAQ
❓ What prompted Cecilia Hsueh to step down as CEO?
Hsueh believes it is the right time for a leadership change at Morph.
❓ Who is the new CEO of Morph?
Colin Goltra, with experience from Binance and YGG, is the new CEO.
❓ What are Morph's future plans?
Under Goltra, Morph aims to expand the use of decentralized applications across various sectors.