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Crypto exchange Kraken fires CFO Stephanie Lemmerman as long-awaited IPO draws closer

CoinDesk
Crypto exchange Kraken has moved CFO Stephanie Lemmerman to an advisory role ahead of its planned U.S. public listing.

Summary

Crypto exchange Kraken has removed its Chief Financial Officer, Stephanie Lemmerman, shifting her to a strategic advisory role as the company prepares for a long-awaited public listing in the U.S. Lemmerman, who joined Kraken in November 2024, served as CFO for over a year. Robert Moore, formerly VP of business expansion, has effectively taken over her duties and is listed as deputy CFO on the parent company's website. This leadership change follows Kraken's confidential filing with U.S. regulators in November, shortly after raising $800 million at a $20 billion valuation. Sources suggest the finance function at Kraken is evolving to be more product-focused rather than purely back-office.

(Source:CoinDesk)