Former PwC Blockchain Expert apppointed as CFO at Tezos Foundation

There is Tezos the smart contract and Dapp platform we all know; the Tezos Foundation stands as an affiliate non-profit and educational wing of the renowned Tezos. Roman Schnider, the co-creator of PricewaterhouseCoopers (PwC) Switzerland’s blockchain initiative was announced as the Chief Financial Officer and Head of Operations in Tezos Foundation in Zug. He supersedes Eelco Fiole as Chief Financial Officer.

The appointed to the Zug based firm has not commenced till this year’s summer begins, this is about six months after Fiole, an investment executive and adjunct professor of financial ethics left the position. At the time Fiole was hired, the firm referred to it as a period of executive expansion, Tezos President Ryan Jesperson called it “an important step forward by strengthening its internal expertise and capabilities.” As Fiole steps down, Jesperson said, “We want to thank Eelco for his contribution to the development of the Foundation and wish him all the best,”

The new fit, Schnider launched the department for blockchain and cryptocurrency assurance at PwC Switzerland which was noted in 2016. He had been in service with PwC, one of the ‘big four’ companies, for nearly 15 years covering various roles but especially focused on investment banking and as a financial director.

“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,” Tezos president said in a statement.

In July 2018, Schnider had gotten acquainted with Tezos protocol when he was at that time hired to perform an independent, external audit of the firm, cited as the first time a major U.S. accounting firm worked with a large-scale blockchain organization. Tezos commented at that time, “We believe that accountability and trust will be central pillars of any successful entity operating in the blockchain space.” Upon his recent appointment, Schnider said “I sincerely look forward to joining the Tezos Foundation,” says Schnider. “Together, we will work to serve and support the Tezos community in the most effective, efficient and transparent way possible.”

Three lawsuits were filed in November 2017 accusing Tezos of false advertising and securities fraud, as XTC tokens were sold but not registered as securities. And more recently, the network delayed the distribution of its tokens due to internal miscommunication. Tezos is being regarded as a leader within the blockchain community since its record-setting $232 million ICO in July 2017 despite being rattled by internal and external conflict. Currently, they have a market cap of $812,826,137 and ranked as the 19th token according to live data chart.

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Credits – Daniel Kuhn

 

 

 

 

 

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