Why did Hedera create a new role of President, and what does it mean that Brett McDowell is now the Chair and President?

In addition to his role as the Board and Governing Council Chair at Hedera, Brett is now also serving as President. The President’s responsibilities include leadership of Hedera staff as they support the Hedera Council’s governance of the Hedera network and implement Council-approved actions and policies relating to governance, risk, compliance, and treasury management. The role of President was created to provide a more efficient and clear chain of delegated responsibility from the Council members and the Board to Hedera officers and staff.