# Maple announces Joe Flanagan’s departure as chairman

Canonical: https://yielddispatch.com/news/f5b37b11-9061-4bc2-803f-4159cf24d2c0
Published: 2026-11-13T02:34:32.603Z
Publisher: Yield Dispatch

Maple’s November 11 update says Flanagan is leaving and his responsibilities move to CEO Sidney Powell and the leadership team.

Maple says co-founder Joe Flanagan is stepping down as chairman and leaving the company, with his responsibilities moving to CEO and fellow co-founder Sidney Powell and the leadership team.

The company set out the handover in a [November 11 leadership update](https://maple.finance/insights/a-leadership-update-from-maple). It describes the transition as agreed and orderly and says day-to-day operations continue as normal. Those are Maple’s statements about the transition, rather than independent findings about its operations.

Flanagan and Powell co-founded Maple in 2019. The announcement identifies Flanagan’s departing role as chairman and names Powell together with the leadership team as the recipients of his responsibilities. It does not describe the change as Powell becoming a new CEO; it identifies him as the existing CEO and co-founder.

For readers following onchain lending businesses, the concrete development is the departure of a founder and a named transfer of responsibilities. That is different from a new lending market or a change to the software used by a protocol. The post is a leadership update: it does not set out a protocol proposal, a software release or a contract migration.

Maple describes itself as an onchain asset management platform operating across lending and trading. Its account of the leadership transition says that direction remains the same. This explains how the company presents the handover within its existing business, without establishing a new product launch or the performance of any strategy.

The announcement says Flanagan is leaving to focus on what comes next for him. It does not specify a separate departure date or a detailed handover timetable. The supported change is therefore the company’s announced leadership transition, including who will assume the responsibilities, rather than a dated technical deployment.

## Sources

- [A leadership update from Maple](https://maple.finance/insights/a-leadership-update-from-maple) — Maple

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