Binance’s Top Executive Team to ‘Remain Intact,’ New CEO Says
- Binance under pressure to pick global headquarters, board
- Zhao barred from involvement with firm for next 3 years
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Binance Holdings Ltd.’s new chief executive officer indicated he’s in no rush to reshape the company’s top leadership team, after a $4.3 billion settlement with the US Department of Justice that forced its co-founder Changpeng “CZ” Zhao to step down.
“Our core team remains intact,” Richard Teng, the former civil servant who took over from Zhao as the crypto exchange’s CEO last week, said in a Bloomberg TV interview when asked about Zhao’s partner and senior Binance executive Yi He’s role at the company. “That’s very important.”