Summary
- U.S.-based digital-asset exchange Kraken was reported to have fired CFO Stephanie Lemmerman while preparing for a U.S. stock-market listing (IPO).
- Kraken appointed internal executive Robert Moore as CFO to succeed Lemmerman, but did not disclose an official reason for the dismissal.
- It said the decision to replace the finance chief after submitting confidential IPO filings to U.S. regulators carries significant implications.
Kraken, a U.S.-based digital-asset (cryptocurrency) exchange, is reportedly said to have dismissed its chief financial officer (CFO) while preparing for an initial public offering (IPO) in the U.S. Attention is focused on the reasons for replacing the finance chief while the listing process is under way.
On the 10th (local time), CoinDesk, a digital-asset industry outlet, cited two sources familiar with the matter as saying Kraken recently fired CFO Stephanie Lemmerman. Lemmerman joined Kraken from blockchain company Dapper Labs in November 2024 and has served as CFO for about 1 year and 4 months.
Robert Moore, who previously served as vice president (VP) in charge of business expansion at Kraken, was appointed as her successor. The company did not disclose an official reason for the dismissal.
Kraken submitted confidential IPO-related documents to U.S. regulators in November last year. The fact that the head of finance was replaced as preparations for the listing moved into full swing is drawing attention.
The outlet said, “Firing the CFO after submitting confidential listing documents clearly carries significant implications.”
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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