Binance has appointed co-founder Yi He to serve as co-chief executive officer, initiating a shared leadership arrangement across the company.

Appointment details

Yi He, who is the platform's co-founder and the domestic partner of former CEO Changpeng Zhao (CZ), has been named co-CEO.

She will share the chief executive responsibilities with Richard Teng, who took the operational lead after CZ left the company in 2023.

Leadership context

The change formalizes a dual executive model that places two senior figures at the top of Binance's management structure to coordinate global operations.

Richard Teng has been leading the exchange since 2023, and Yi He’s appointment aligns the co-founders with the current executive team.

Corporate note

The addition of a co-CEO role reflects an internal restructuring of senior management, with both executives expected to divide strategic and operational duties.

No further dates or financial details were provided in the announcement, and the company did not specify changes to the board composition.