Maple Finance shifts leadership as co-founder exits
Key points
- Maple Finance co-founder Joe Flanagan is leaving the company and stepping down as chairman.
- Since 2019, Maple has originated more than $20 billion in loans and manages $4.8 billion.
- CEO Sidney Powell and the leadership team will assume Flanagan’s responsibilities as operations continue.
Maple Finance co-founder Joe Flanagan is stepping down as chairman and leaving the company.
Since 2019, Maple has originated more than $20 billion in loans and manages $4.8 billion.
“This is an agreed and orderly transition,” said Maple in its leadership announcement.
Flanagan’s responsibilities will pass to CEO and co-founder Sidney Powell and Maple’s leadership team.
Maple said day-to-day operations would continue as normal throughout the leadership change.
The company plans to maintain its position as an onchain asset management platform connecting traditional finance and decentralised finance.
Maple has also distributed more than $100 million in yield to lenders through its lending business.
The transition leaves Maple’s existing lending strategy under Powell’s leadership.
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