Crypto exchange Kraken has reassigned its chief financial officer, Stephanie Lemmerman, shifting her into a strategic advisory role as the company prepares for a potential US initial public offering. The move comes roughly a year after Lemmerman joined Kraken from Dapper Labs in November 2024, according to people familiar with the matter.
Robert Moore, previously Kraken’s vice president of business expansion, has effectively assumed the CFO’s responsibilities and is now listed as deputy CFO on the leadership page of Payward Inc., Kraken’s parent company. Lemmerman is no longer listed among the company’s senior executives. The leadership change follows Kraken’s confidential filing with US regulators in November and a subsequent $800 million funding round valuing the exchange at $20 billion.
The shift reflects broader organizational changes as Kraken scales its executive team ahead of a public listing. The company has recently promoted Curtis Ting to chief operating officer and Kamo Asatryan to chief data officer, underscoring an effort to align financial operations more closely with product strategy.
