Kraken has fired its chief financial officer, Stephanie Lemmerman, just as the crypto exchange prepares to list publicly in the United States early this year, according to two people familiar with the matter.
Lemmerman joined Kraken from Dapper Labs in November 2024 and served as the exchange’s CFO for one year and four months. She now has a strategic advisory role at Kraken, one of the people said.
Robert Moore, former vice president of business development, has virtually taken over his position, the person said. An updated leadership page on the website of Kraken’s parent company, Payward Inc., lists Moore as deputy chief financial officer. Lemmerman does not appear.
It is clear that Kraken dismissed its CFO after filing a confidential filing with US regulators in November. This came just days after Kraken raised $800 million at a $20 billion valuation, including $200 million from Citadel Securities.
Others promoted to senior roles include Curtis Ting, named chief operations officer in December, and Kamo Asatryan, chief data officer in January.
A second person familiar with the changes said finance at Kraken is evolving to become more of a product than a back-office function.
Kraken declined to comment.
