The Algorand Foundation announced on Sept. 9, 2026 that William Herkelrath had become its chief executive officer on Aug. 31, succeeding Staci Warden after nearly five years. Two directors left the board in the same announcement, Rebecca Rettig and Michael Mosier , and two arrived, Herkelrath himself and Alex Fowler , chief strategy officer at Nexus Laboratories. Rettig and Mosier had joined on Jan. 14, 2026, a tenure of just under eight months. Why would a Foundation that had just moved its headquarters back to Delaware swap its chief executive and two of its five directors inside a year? The release answers in its subhead, which names institutional adoption and post-quantum resilience.
· The Algorand Foundation names William Herkelrath CEO as Staci Warden steps down
William Herkelrath Replaces Staci Warden at the Algorand Foundation
The Algorand Foundation swapped its chief executive and two of its five directors on Sept. 9, and Adam Back's decade-long quantum timeline frames the case against its new pitch.
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People in this piece
- Adam Back
- Alex FowlerAlgorand Foundation, Board member
- Alex HolmesAlgorand Foundation, Board member
- Bill BarhydtAlgorand Foundation, Board chair
- Chris Peikert
- Michael MosierAlgorand Foundation, Board member
- Rebecca RettigAlgorand Foundation, Board member
- Staci WardenAlgorand Foundation, Chief Executive Officer
- William HerkelrathAlgorand Foundation, Board member
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Algorand Foundation · Chainlink · Curv · K3 Labs · Nexus Laboratories · Jito Labs · Abra · MoneyGram · Blockstream · Google Quantum AI · Real Vision Crypto · Milken Institute · JPMorgan · Nasdaq · FinCEN