Tezos Foundation Snags Former PwC Blockchain Expert As CFO

Tezos Foundation, a non-profit, educational wing of the smart contract and Dapp platform, announced Roman Schnider, co-creator of PricewaterhouseCoopers Switzerland’s blockchain initiative, to supercede Eelco Fiole as Chief Financial Officer. Schnider’s appointment to the Zug based firm will begin summer 2019, about six months after investment executive and adjunct professor of financial ethics Fiole filled the position. Fiole was hired during a period of executive expansion, which Tezos President Ryan Jesperson called at the time, “an important step forward by strengthening its internal expertise and capabilities.” A leader within the blockchain community since its record-setting $232 million ICO in July 2017, Tezos has also been wracked by internal and external conflict. The Etherium-like distributed, peer-to-peer, permissionless network delayed the distribution of its tokens due to internal miscommunication. Additionally, three lawsuits were filed in November 2017 accusing Tezos of false advertising and securities fraud, as XTC tokens were sold but not registered as securities. Schnider first became familiar with Tezos protocol in July 2018, when he was hired to perform an independent, external audit of the firm, cited as the first time a major U.S. accounting firm worked with a large-scale blockchain organization.

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Spotlight

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