KEY TAKEAWAYS
- Charles Adkins will transition from President of the Hedera Council to CEO of the HBAR Foundation, which will rebrand as the Hedera Foundation in 2025.
- The Hedera Council has appointed Tom Sylvester as Interim President, effective January 1, 2025, while he continues his role as General Counsel.
- The leadership changes aim to leverage Adkins’ web3 expertise and Sylvester’s deep understanding of Hedera to strengthen the ecosystem.
As announced by the HBAR Foundation on December 20, 2024, Charles Adkins will be resigning as President of the Hedera Council to assume the role of CEO at the HBAR Foundation. This transition comes as the Foundation prepares to rebrand as the Hedera Foundation in early 2025.
The move was officially endorsed by a vote of the Hedera Council, which expressed confidence in Adkins’ ability to leverage his extensive experience in web3 to expand and strengthen the Hedera ecosystem. The Council extended its best wishes to Adkins in his new role.
Tom Sylvester Appointed as Interim President
With Charles Adkins transitioning to the Foundation, the Hedera Council’s Board has appointed Tom Sylvester as Interim President, effective January 1, 2025. Sylvester has been with Hedera since February 2018, initially serving as Associate General Counsel before being promoted to General Counsel in January 2022.
In his new role, Sylvester will continue to serve as Hedera’s General Counsel. His educational background includes a B.A. in Social Studies from Harvard University and a law degree from Yale Law School. Before joining Hedera, Sylvester was the Senior Director of Policy and Strategy for Tamkeen, an Abu Dhabi-based company, and served on the executive committee for New York University Abu Dhabi.
Leadership Transition and Future Prospects
Brett McDowell, Chair of the Hedera Board of Directors and Governing Council, expressed gratitude for Adkins’ contributions over the past year and optimism for his future achievements at the Hedera Foundation. McDowell also conveyed confidence in Sylvester’s leadership, citing his deep understanding of Hedera’s business and his broad skill set as key assets during this transition period.
With Sylvester’s leadership, the Hedera Council aims to maintain continuity in its operations and network governance as it navigates a year of significant opportunities for the industry.
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