Kraken Adjusts Executive Structure in Preparation for IPO, Chief Financial Officer Subject to "Optimization and Restructuring"

Odaily News: As cryptocurrency exchange Kraken prepares for its upcoming U.S. IPO, it has transitioned Chief Financial Officer Stephanie Lemmerman into a strategic advisory role. Lemmerman joined Kraken as CFO in November 2024, serving for approximately 16 months. Her responsibilities have been taken over by former Vice President of Business Development Robert Moore, who is listed as Deputy CFO on the website of parent company Payward Inc. This adjustment occurred shortly after Kraken submitted confidential documents to U.S. regulators in November 2025, following the company's completion of an $8 billion financing round at a $20 billion valuation, which included a $2 billion investment from Citadel Securities. Kraken has also recently made several executive promotions, including Curtis Ting as COO and Kamo Asatryan as Chief Data Officer. Kraken stated that its financial functions will increasingly shift towards a product-oriented approach rather than traditional back-office support. The company has not yet commented on this adjustment. (CoinDesk)