Core Pillar One: Binance Aims to Build an "Evergreen" Organizational System, Appoints Co-CEO to Oversee Product and Culture

BlockBeats News, December 3rd, at the Binance Blockchain Week event, He Yi responded to the division of responsibilities after taking on the role of Co-CEO, stating that the implementation of the Co-CEO system did not result in a significant change in job duties, but was based on long-term strategic considerations. CEO Richard Teng focuses on regulatory matters, while He Yi himself is responsible for product and culture. The goal of the Co-CEO system is to build an organization with sustainable development, rather than relying on individual capabilities. Richard Teng, with a regulatory background, serves as the best bridge for compliance communication, while He Yi, as a cryptocurrency industry OG, will focus on user-centric culture retention, HR, and product iteration. This is the background behind Binance's introduction of Co-CEOs. In fact, whether in traditional finance or at Binance, the COO role is quite common. The desired outcome is for 1+1 to be greater than 2.

Today, at the Binance Blockchain Week event, Binance officially announced that its co-founder, He Yi, has taken on the role of Co-CEO.