July 27, 2019

Pascal Schmid resigns from the Cardano Foundation Council

Bakyt Azimkanov

Global PR, Communications and Marketing Director

Cardano Foundation

Pascal Schmid has resigned from the Cardano Foundation Council at his own will – effective immediately. He joined the Council in June 2018 as its Member, a position he held for a year until his resignation.

The new Cardano Foundation Council Members – Nathan Kaiser, Chairperson; Manmeet Singh, Vice Chairperson; and Domino Burki, Treasurer – to continue to finalize the outstanding filings for 2018 and to further cement the Foundation’s goals and its stability going forward.

Under the above-named Council Members, the Cardano Foundation has already expanded its team in the United Kingdom, Switzerland, the Netherlands, Japan, South Korea and Taiwan and has strengthened its operational, administrative, legal, communications and community functions by bringing new talent in key departments, and continues to do so. In the near future, the Council Members – in line with the Foundation’s worldwide expansion plans – set to grow the team with more hires across the globe.

As a result, the Cardano Foundation has increased its presence across Asia-Pacific and Europe and became a member of leading industry bodies. In 2019 alone, the Foundation hired nine people bringing the total number of women to a third (33%) – in line with the Foundation’s gender diversity goals.

About the Cardano Foundation: The Cardano Foundation is an independent body based in Zug, Switzerland, with core responsibilities to help oversee and supervise the development of Cardano, the world’s first third-generation blockchain, and its ecosystem. The Foundation is committed to protecting and promoting Cardano, the first blockchain platform developed for smart contracts using a scientific philosophy, and to advocate on behalf of the users and community of the protocol. The Foundation works alongside Input Output HK (IOHK), who are contracted to design and build Cardano, and EMURGO, the for-profit arm working to boost the Cardano ecosystem through commercial ventures. The three entities are wholly separate in governance, ownership and leadership. Find out more: www.cardanofoundation.org