Wednesday, February 19, 2025

Telos Foundation Announces Leadership Transition: John Lilic to Succeed Lee Erswell as CEO

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KEY TAKEAWAYS

  • John Lilic takes over as CEO of the Telos Foundation, succeeding Lee Erswell.
  • Telos plans to enhance its blockchain capabilities with the EVM 2.0 upgrade and zero-knowledge proofs.
  • John Lilic aims to transform Telos into a community-owned Venture Production studio, expanding the utility of the TLOS token.
  • Telos Foundation anticipates continued growth and innovation under Lilic’s leadership.

The Telos Foundation has announced a significant leadership transition. Lee Erswell will step down from his role as CEO, and John Lilic, who has served as the Foundation’s Executive Director since January 2024, will assume the position of Chief Executive Officer. This change marks a new chapter for Telos as it continues to evolve in the decentralized technology landscape.

Under Lee Erswell’s leadership, Telos has achieved several milestones, establishing itself as a prominent player in the blockchain industry. The upcoming EVM 2.0 upgrade promises enhanced compatibility and stability, alongside advancements in zero-knowledge proofs. These developments highlight the platform’s commitment to innovation and growth. Erswell also oversaw the development and launch of Tekika, focusing on scalability, security, and sustainability.

Reflecting on his tenure, Lee Erswell expressed pride in the accomplishments during his leadership. He stated, “As I step down from my role as CEO, I am incredibly proud of what we’ve accomplished together. The innovations we’ve set in motion, like EVM 2.0 and ZK-proof technology, are pivotal steps in Telos’ journey. I am confident in John Lilic’s ability to lead the Foundation forward.”

John Lilic’s Vision for Telos

John Lilic brings extensive blockchain expertise to his new role as CEO. Before joining Telos, he played key roles at ConsenSys and Polygon, contributing to the Ethereum ecosystem and advising on Polygon’s scalability solutions. Recognized as one of the top 50 web3 angel investors globally, Lilic’s experience has been crucial in driving Telos’ strategic growth.

Lilic aims to transition Telos into a community-owned Venture Production studio, offering a range of products to enhance the utility of the TLOS token. These initiatives include an L1, EVM, L2, accelerating ZK research and development, SNARKtor, and building Telos X, a centralized exchange powered by the Binance Link program.

The Telos Foundation expressed gratitude to Lee Erswell for his leadership and contributions. The Foundation looks forward to continued growth and innovation under John Lilic’s stewardship. The community and stakeholders are encouraged to stay engaged as Telos enters this new phase of development.

For more details, the official announcement can be found here.


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Neel Kapoor
Neel Kapoor
Neel Kapoor is a dedicated cryptocurrency enthusiast and blockchain expert at Coinsholder.com. With over a decade of experience, Neel offers insightful analysis and commentary on the latest trends and innovations in the crypto space. His clear and concise writing makes complex topics accessible to all readers.

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