Sandeep Nailwal Becomes the Polygon Foundation's First CEO

On May 23, 2025, at 16:40 UTC, Mihailo Bjelic posted, “After much thought and reflection, I’ve decided to step down from the board of the Polygon Foundation, and wind down my day-to-day involvement with Polygon Labs.” Nineteen days later, on June 11, co-founder Sandeep Nailwal became the first CEO the Foundation had ever had. The CryptoLately.com Desk read the record across the 16 months since. This story follows what the two changes did inside the organization and around the network.