Kraken has moved its chief financial officer Stephanie Lemmerman to a strategic advisory role, according to a person familiar with the matter. Lemmerman joined Kraken from Dapper Labs in November 2024 and was the exchange’s CFO for one year and four months. Robert Moore, Kraken’s VP of business expansion, has, in effect, taken over the role, the person said. An updated leadership page on Kraken’s parent company, Payward Inc., lists Moore as deputy CFO.
That came just days after Kraken raised $800 million at a $20 billion valuation, including $200 million from Citadel Securities. Other people who have been promoted to senior roles include Curtis Ting, who was made chief operating officer in December, and Kamo Asatryan was made chief data officer in January. A second person familiar with the changes said finance at Kraken is changing to become more of a product than a back-office function. Kraken declined to comment.
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