(BlockBar) A non-profit educational wing of the smart contract and Dapp platform, Tezos Foundation announced Roman Schnider to supercede Eelco Fiole as Chief Financial Officer. Roman Schinder is co-creator of PricewaterhouseCoopers Switzerland’s blockchain initiative. Tezos current market cap is $812,826,137 and ranks 19 in token rank on CoinMarketCap. To be noted, it is a leader within the blockchain community since its record-setting $232 million ICO in July 2017.
Schnider’s appointment will begin summer 2019. It is almost six months after Fiole filled the position. He was the investment executive and adjunct professor of financial ethics. Tezos President Ryan Jesperson called at the time, “an important step forward by strengthening its internal expertise and capabilities,” when Fiole was hired during a period of executive expansion.
Tezos has also been wracked by internal and external conflict. In November 2017, three lawsuits were filed, accusing Tezos of false advertising and securities fraud because XTC tokens were sold but not registered as securities. It also includes the permissionless network delayed the distribution of its tokens due to internal miscommunication.
Schnider served as financial director for 14 years at PwC before joining Tezos. He also launched the department for blockchain and cryptocurrency assurance in 2016. Schnider was first hired by Tezos in July 2018 to perform an independent external audit of the firm and that is when he became familiar with Tezos protocol. It was also cited as the first time a major U.S. accounting firm worked with a large-scale blockchain organization. At the time Tezos also commented, “We believe that accountability and trust will be central pillars of any successful entity operating in the blockchain space.”
In a statement Jesperson said, “Roman’s experience makes him the ideal finance and operations specialist for our team. He is already familiar with the opportunities and challenges blockchain projects face and has a deep understanding of the Tezos Foundation from his time at PwC Switzerland.
We want to thank Eelco for his contribution to the development of the Foundation and wish him all the best.” To be noted, Fiole spent more than twenty years in the financial services industry, including co-founding Alpha Governance Partners before joining Tezos.
