Binance forms board of directors for the first time
Gabriel Abed, the Ambassador of Barbados to the United Arab Emirates, chairs the crypto exchange’s board of directors.
Binance Holdings, operating the cryptocurrency exchange of the same name, has formed a seven-person board of directors filled with company executives and independent members.
According to Binance’s website, the firm’s board of directors is now chaired by Gabriel Abed, the former ambassador of Barbados to the United Arab Emirates (UAE). Other members included Binance CEO Richard Teng, Binance co-founder Heina Chen, Bayview Acquisition Corp CEO Xin Wang, Gojo & Company Managing Partner Arnaud Ventura, Roger Wang and Rock He.
The formation of the board is likely one of the most significant changes to Binance’s leadership since Teng moved from his position as head of regional markets to become CEO in November 2023. Former Binance CEO Changpeng “CZ” Zhao resigned as CEO at roughly the same time as part of a settlement agreement with United States authorities.
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