Two senior executives are leaving onchain asset manager Maple Finance over disagreements about the firm’s direction as its SYRUP token slid more than 7% Thursday.
Maple co-founder and executive chairman Joe Flanagan said Wednesday he would leave after seven years at the firm, describing a growing divide with fellow co-founder and CEO Sidney Powell.
“Over time, our views on strategy, leadership, and life have moved further apart,” Flanagan wrote. “I believe Maple is best served by one co-founder leading it forward from here.”
Chief operating officer Ryan O’Shea also said in a Thursday post on X that he would leave after nearly five years at Maple. “I’ll be stepping down as COO. I’ve come to a different view on the direction Maple should take, and I’ve decided it’s time to step aside,” he wrote.
SYRUP traded at $0.12 at 10:36 p.m. UTC Thursday, down 7.5% over 24 hours and 12% over the past week, according to…
