Subhan Jahromi and Ryan Fay Appointed as Co-CEOs

San Mateo, CA September 26th, 2023 - Edgevana, an emerging leader in Web3 SaaS, has today revealed a pivotal change in its leadership. Mark Thiele, who has spearheaded the company as CEO since its founding, is stepping down due to health challenges. Subhan Jahromi and Ryan Fay, extremely accomplished co-founders of Edgevana, have been named Co-CEO’s in charge with guiding the company forward into a new era.

Mark Thiele's recent personal health journey has demanded his unwavering focus and dedication, leaving him with no choice but to scale back his daily responsibilities. His decision to relinquish his CEO role is rooted in the utmost confidence in Subhan and Ryan's ability to not only uphold but enhance Edgevana's already impressive trajectory.

“The journey with Edgevana has been an incredible one, and I'm immensely grateful for the opportunity to have served this remarkable company,” said Mark Thiele, outgoing CEO. “I have complete faith in Subhan and Ryan's capabilities to lead Edgevana into a bright future. Looking back, it's truly humbling to witness the incredible progress we've achieved. We've evolved from a team of none to a diverse workforce of over 40 employees spread across six countries. We've successfully executed two funding rounds and earned the loyalty of thousands of customers who depend on Edgevana every day to accelerate their Web3 journey. It has been an exhilarating adventure, and I want to express my deep appreciation to this exceptional team, the best co-founders one could hope for, our tremendous investors, and our dedicated board for their unwavering trust and support throughout the past four years”.

The Board of Directors, alongside the entire Edgevana team, stands in full support of Mark's choice and extends heartfelt wishes for his speedy recovery.

Mark, in his scaled-back capacity, will continue to collaborate with Subhan and Ryan on strategic initiatives, the exploration of new business avenues, cultivation of partnerships, and amplification of Edgevana’s brand's visibility.

“First and foremost, I'd like to extend my heartfelt appreciation to Mark. I deeply admire Mark's leadership approach, where he empowers individuals with the freedom to act and places trust in them to execute their visions effectively. Mark's mentorship has deeply influenced both my personal and professional journey, and I am truly honored to continue the legacy he has so passionately built. said Subhan Jahromi, newly appointed Co-CEO of Edgevana. “During this transition, our focus remains on the well-being of our co-founder and the continued success of our company. Together, we move forward with respect for the past and a shared vision for the future.”

Newly appointed Co-CEO, Ryan Fay said: “It’s been an absolute pleasure to work with Mark Thiele as we grew Edgevana into a profitable company with his leadership and direction. Stepping into this role, I am keenly aware of the strong foundation that has been laid and I am constantly reminded of the lasting impact that Mark has made in sculpting Edgevana's identity.

Under Mark’s leadership, Edgevana has become a market leader and a household name among enterprises and institutions. As I take on this new role, I am driven by a deep sense of responsibility to honor the foundation and to keep pushing the boundaries of what we believe is possible. We're not just preserving a legacy together, but collectively writing the next chapter. I am committed to building upon it with the same level of diligence and enthusiasm as Mark.

“I want to wish Mark a speedy and full recovery and look forward to our continued collaboration.”

Subhan Jahromi and Ryan Fay, accomplished professionals who share a deep understanding of Edgevana's vision and goals, have assumed the roles of Co-CEOs. Their combined wealth of expertise and exceptional leadership qualities, position them to catalyze the company's growth in current and future markets.

“I'm honored to further strengthen my collaboration with Ryan as we step into these leadership roles together. The horizon looks promising for Edgevana and I can’t wait for us to showcase what we’ve been able to accomplish in this short time” expressed Subhan Jahromi.

Ryan Fay, Co-CEO of Edgevana, added, ”It's a great honor to join Subhan Jahromi as co-CEO and I look forward to taking the solid foundation we have built with the forward-looking and talented team that is already in place as we scale into new markets and verticals around the world”