Mo Shaikh, the co-founder and CEO of Aptos Labs, has just announced his decision to resign through a post on the social media platform X. According to him, this is the time to "start a new chapter" in his career.
After Mo Shaikh's departure, the co-founder and Chief Technology Officer (CTO) Avery Ching will officially take over the CEO role. Mr. Ching, with a strong technical background and experience in developing Aptos from the early days, is expected to lead the company into the next phase of growth.
In his statement, Mo Shaikh said he has always been passionate about building startups from scratch. However, now that Aptos has established its position and has a strong team to continue its development, he feels it's time to hand over the leadership to explore new challenges.
Shaikh shared:
"Aptos has reached a mature stage. I believe the company is in the best hands with Avery and the talented team here. As for me, it's time to continue my creative journey in a different field."
This decision is considered reasonable, especially as Aptos is transitioning from a young startup to a Layer-1 blockchain platform with a strong position in the highly competitive market against giants like Ethereum and Solana.
- Meta (Facebook): Shaikh previously led the partnership division for the Libra blockchain project (later renamed Diem).
- BlackRock, ClearBridge, and KPMG: These are all leading financial and audit organizations, where he gained extensive experience in strategy and financial management.
- ConsenSys: Here, he held the role of Director of Strategy, contributing to the development of key blockchain products such as MetaMask and the Layer-2 solution Linea, which are essential tools for blockchain developers and users today.
