StarkWare CEO Uri Kolodny Steps Down for Health Reasons, Continues as Board Member

cryptonews.com:

Uri Kolodny, the CEO and co-founder of StarkWare Industries, has stepped down from his role due to family health issues. However, he will remain a board member of StarkWare and Starknet Foundation.

Announcing his decision on X, Kolodny appointed Eli Ben-Sasson, the president and member of the firm’s founding team, as the new CEO.

Writing this is hard for me.

I am stepping down as @StarkWareLtd’s CEO. Vicious medical challenges at home require my undivided attention. I took a LoA a year ago, but unfortunately that wasn't nearly enough.

I will stay on as a board member of both StarkWare and the @starknet…

— Uri Kolodny (@ukolodny) January 11, 2024

Responding to Kolodny’s announcement, Ben-Sasson expressed gratitude and sadness. He acknowledged the impact of the health challenges on Kolodny and his family and lamented the departure of their brilliant, compassionate, and charismatic CEO.

In a closing statement, the new CEO noted the significant task of filling Uri Kolodny’s large shoes and pledged to uphold the ethos and values of StarkWare.

Dear, close, friend.

Writing this is also hard. My heart and prayers are with you and your family as you confront the challenges ahead.

As a @StarkWareLtd co-founder and board member, I am overwhelmed with gratitude and sadness. Gratitude for what you’ve achieved: taking an…

— Eli Ben-Sasson (@EliBenSasson) January 11, 2024

StarkWare, founded in 2018 by Kolodny and his long-time friend Ben-Sasson, specializes in cryptographic proof systems designed to address scalability issues on the Ethereum blockchain.

Under Kolodny’s leadership, StarkWare has achieved an impressive $8 billion valuation and developed STARK-based technology that supports a thriving blockchain ecosystem.

In a blockchain projection