Binance has announced a significant restructuring of its executive leadership, appointing co-founder Yi He to the role of co-Chief Executive Officer. She will share the position with Richard Teng, who assumed the CEO role in November 2023. This strategic move consolidates the company’s top management as it intensifies its focus on sustainable, regulated expansion across international markets.
Yi He, a pivotal figure in Binance’s founding and growth, has historically overseen key divisions including the Binance Launchpad, Binance Labs, and the Binance Listing team. Her promotion to co-CEO is viewed as an effort to leverage her deep institutional knowledge and product expertise to navigate an increasingly complex global regulatory environment. The appointment signals a reinforced commitment to operational excellence and compliance as core pillars of the exchange’s long-term strategy.
Under the shared leadership of Teng and He, Binance aims to balance its innovative heritage with the demands of establishing robust partnerships with regulators and traditional financial institutions worldwide. This dual-CEO structure is designed to provide comprehensive leadership, blending Teng’s regulatory and financial experience with He’s visionary approach to product and ecosystem development.
