Maple co-founder Joe Flanagan will step down as chairman and leave the on-chain asset management company, according to The Block. Maple described the departure as a mutually agreed, orderly transition, with Flanagan's responsibilities transferring to co-founder and CEO Sid Powell and other management members. Day-to-day operations will continue as usual.
The Defiant reported that Flanagan and Powell had differences over strategy and leadership. Flanagan is expected to assist in completing the handover through the end of the year.
Maple Co-Founder Joe Flanagan Departs as Chairman Amid Leadership Transition
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