Eclipse founder Neel Somani replaced as CEO amid sexual misconduct claims

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As an experienced analyst, I find the recent developments at Eclipse Labs regarding Neel Somani’s departure quite concerning. The allegations of sexual misconduct against him are serious and have led to his temporary stepping down as CEO. These claims, which he has denied, are a distraction for the company and could potentially harm its reputation.

Neel Somani, who founded Ethereum layer-2 blockchain Eclipse, recently stepped down from his position as CEO due to allegations of sexual misconduct against him.

Starting from May 16, Eclipse Labs announced on X that Vijay Chetty has been appointed as the new CEO, replacing Neel Somani who is leaving.

Chetty, who previously served as the growth chief at Eclipse, has an impressive background with notable roles at Uniswap Labs, dYdX Trading, Ripple Labs, and investments at BlackRock under his belt.

Starting from today, Vijay Chetty has been promoted to the role of CEO at Eclipse Labs, replacing Neel Somani who is leaving the company. Previously serving as the Chief Growth Officer, Chetty will now take on all CEO duties and responsibilities.

— Eclipse (@EclipseFND) May 16, 2024

As a researcher, I came across an announcement from Somani made on May 9th. He mentioned that he would be taking a step back from being the public face of the company temporarily due to “serious allegations” concerning sexual misconduct that had been brought against him. However, it’s important to note that Somani has denied these accusations.

Somani stated that he had never engaged in sexual misconduct towards any woman and was determined to work towards proving his innocence and defending himself.

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2024-05-16 07:47