Binance appointed co-founder Yi He as co-CEO, elevating one of its earliest architects to a formal leadership role alongside chief executive Richard Teng.
In a Wednesday announcement on stage at Binance Blockchain Week, Binance CEO Richard Teng said co-founder Yi He had been appointed co-CEO. Teng said 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 marketing officer prior to her appointment as co-CEO, is crucial in expanding Binance’s community and driving product innovation. Yi He said that sharing the CEO role with Teng will make use of two very different perspectives, with Teng bringing his experience in regulated financial 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 guilty to charges levied against him by the US Department of Justice. Until then, Teng served as the company’s head of regional markets outside of the United States.