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Maple co-founder Joe Flanagan and COO Ryan O'Shea exit amid strategic disagreements

Maple co-founder Joe Flanagan is stepping down as chairman and leaving the onchain asset manager alongside COO Ryan O'Shea following disagreements over the company's direction.

Black and white portrait photo of Joe Flanagan against a light background.
Image: @blocknewsdotcom

Maple co-founder Joe Flanagan is stepping down as chairman and departing the onchain asset manager behind the SYRUP token, according to reports from The Block and Coin Telegraph. Chief Operating Officer Ryan O'Shea is also leaving the firm, with reporting pointing to internal disagreements regarding Maple's strategic direction as the reason behind the executive exits.[3][1][2]

Maple described Flanagan's departure as an agreed and orderly transition. His responsibilities are shifting to Maple co-founder and CEO Sidney Powell as well as the broader leadership team, and the company stated that day-to-day operations will continue as normal.[3][1]

The leadership departures unfold as Maple's SYRUP token has fallen in price despite the platform experiencing revenue growth.[2]

Key facts

  • Maple co-founder Joe Flanagan is stepping down as chairman and leaving the onchain asset manager.
  • Maple COO Ryan O'Shea is also leaving the organization.
  • The departures were driven by disagreements over the firm's strategic direction.
  • Maple described Flanagan's exit as an agreed and orderly transition, noting daily operations will continue as normal.
  • Flanagan's responsibilities will move to co-founder and CEO Sidney Powell and the broader leadership team.
  • The departures come while the SYRUP token has declined despite reported revenue growth at Maple.

Sources 路 3 sources

  1. BL

    BlockNews@blocknewsdotcomPost on X 路

    馃毃 JUST IN: Maple co-founder Joe Flanagan is STEPPING DOWN as chairman and leaving the onchain asset manager behind $SYRUP. Maple described the departure as a MUTUALLY AGREED and orderly transition, with responsibilities shifting to co-founder and CEO Sidney Powell and the broader leadership team. Daily operations will continue as normal.

    Open source
  2. CT

    Coin TelegraphArticle 路

    Maple Finance鈥檚 strategy rift sends co-founder, COO to the exits Maple Finance co-founder Joe Flanagan and COO Ryan O鈥橲hea are leaving over disagreements about the firm鈥檚 direction as SYRUP falls despite revenue growth.

    Open source
  3. TB

    The Block@TheBlockCoPost on X 路

    THE BLOCK: Maple co-founder Joe Flanagan is stepping down as chairman and leaving the onchain asset manager. ethereum:0x643c4e15d7d62ad0abec4a9bd4b001aa3ef52d66 Maple described the departure as an agreed and orderly transition. Flanagan's responsibilities will move to co-founder and CEO Sidney Powell and the wider leadership team, with day-to-day operations continuing as normal.

    Open source