After a long awaited period of uncertainty due to disagreements amongst the Tezos board members, Tezos is set to launch and release tokens to participants of their ICO. The Tezos ICO was held in July of 2017 and raised $232 million, one of the largest goals targeted and met in crypto and blockchain ICOs. The project was immediately delayed as founders Johann Gevers, Kathleen Breitman, and Arthor Breitman could not see eye to eye on the project’s direction. As investors patiently waited for scarce updates on when they would receive their ICO tokens, the Tezos Foundation has brought a wave of relief with major announcements of changes to their board.
On February 22nd, Tezos announced the resignation of Johann Gevers and Diego Olivier Fernandez Pons, who were stated to have voluntarily step down to optimally support the Foundation in the advancement of its mission. The two new members replacing Gevers and Pons are Ryan Jesperson and Michel Mauny.
Jesperson, who will take on Gevers’s role as President, was most recently the COO at Divvy. Prior to Divvy, Jesperson helped launch the Self-Reliance Services initiative of the LDS Church and was an executive, turnaround specialist and tech entrepreneur in the healthcare industry.
Mauny will replace Pons’s position as a Director on the board. Mauny is a computer programmer and researcher who currently is a senior researcher at Inria (France). He was a part of the research group that designed developed the OCaml programming language that Tezos is written in.
With the new Tezos roster, the Foundation is set to launch the project and release the tokens to investors of their ICO. While speaking at a UCLA Cyber Days event, founder Kathleen Breitman estimated tezzies to be distributed in “a few weeks”.
Shortly after the news of the Tezos board shuffle, users took to the official Tezos subreddit to celebrate Gevers’s resignation and optimal outlook for the future of the Tezos project. The price of unreleased Tezzies has also hit a major surge as price rose from $3.33 to a high of $4.22 promptly after the announcement was made. The reorganization seems to be exactly what the Foundation needed in order to steer Tezos back on the right track.