Maple Finance’s strategy rift sends co-founder, COO to the exits

Maple Finance co-founder Joe Flanagan and COO Ryan O’Shea are leaving over disagreements about the firm’s direction as SYRUP falls despite revenue growth.

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.”

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