Crypto exchange Kraken fires chief financial officer ahead of long-awaited IPO

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Kraken has moved main fiscal serviceman Stephanie Lemmerman to a strategical advisory role, according to a idiosyncratic acquainted with the matter.

Feb 10, 2026, 3:44 p.m.

Kraken sacked its main fiscal officer, Stephanie Lemmerman, conscionable arsenic the crypto speech prepares to publically database successful the U.S. successful the aboriginal portion of this year, according to 2 radical acquainted with the matter.

Lemmerman joined Kraken from Dapper Labs successful November 2024 and was the exchange’s CFO for 1 twelvemonth and 4 months. She present has a strategical advisory relation astatine Kraken, 1 of the radical said.

Robert Moore, formerly VP of concern expansion, has fundamentally taken implicit her job, the idiosyncratic said. An updated enactment page connected the website of Kraken’s genitor company, Payward Inc., lists Moore arsenic lawman CFO. Lemmerman does not appear.

Clearly it matters that Kraken has removed its CFO aft lodging a confidential filing with U.S. regulators successful November. That came conscionable days aft Kraken raised $800 million astatine a $20 cardinal valuation, including $200 cardinal from Citadel Securities.

Other radical who person been promoted to elder roles see Curtis Ting, who was made main operating serviceman successful December, and Kamo Asatryan was made main information serviceman successful January.

A 2nd idiosyncratic acquainted with the changes said concern astatine Kraken is changing to go much of a merchandise than a back-office function.

Kraken declined to comment.

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