PANews reported on November 12 that Yves La Rose, CEO of the Vaulta Foundation, announced that he formally notified Vaulta block producers on October 29 of his resignation as CEO. This triggered the foundation's on-chain governance process to elect a new network representative through regular mechanisms. This process is currently underway. La Rose stated that this change is not an operational disruption, but rather part of Vaulta's decentralized governance mechanism. The foundation's operations, partnerships, and community initiatives will continue as normal during the transition period. He thanked the community and partners for their trust and said that although market performance and other aspects have not fully met expectations, he is proud of the institutional foundation established during his term and will continue to assist in a smooth and transparent transfer of power.PANews reported on November 12 that Yves La Rose, CEO of the Vaulta Foundation, announced that he formally notified Vaulta block producers on October 29 of his resignation as CEO. This triggered the foundation's on-chain governance process to elect a new network representative through regular mechanisms. This process is currently underway. La Rose stated that this change is not an operational disruption, but rather part of Vaulta's decentralized governance mechanism. The foundation's operations, partnerships, and community initiatives will continue as normal during the transition period. He thanked the community and partners for their trust and said that although market performance and other aspects have not fully met expectations, he is proud of the institutional foundation established during his term and will continue to assist in a smooth and transparent transfer of power.