Kraken restructures its senior management in preparation for its IPO, with its CFO being "optimized."

Cryptocurrency exchange Kraken, ahead of its upcoming US IPO, has reassigned its Chief Financial Officer, Stephanie Lemmerman, to a strategic advisor role. Lemmerman joined Kraken as CFO in November 2024, serving for approximately 16 months. Her responsibilities have been taken over by former VP of Business Development, Robert Moore, who is listed as Deputy CFO on the parent company Payward Inc.'s website. This change comes shortly after Kraken filed confidential documents with US regulators in November 2025, shortly after the company completed an $800 million funding round, valuing the company at $20 billion, including a $200 million 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 the finance function will shift more towards product-oriented roles rather than traditional back-office support. The company has not yet commented on the change. (CoinDesk)