Kraken replaced its chief financial officer Stephanie Lemmerman, who was moved to a strategic advisory role. Lemmerman joined the company from Dapper Labs in November 2024 and served as CFO for one year and four months.
Robert Moore, Kraken’s vice president of business expansion, took over the CFO responsibilities and is listed as deputy CFO on the updated leadership page of Payward Inc., the exchange’s parent company. Lemmerman’s departure follows a confidential filing with U.S. regulators in November and precedes the company’s planned public listing in the U.S.
In November 2025, Kraken raised $800 million at a $20 billion valuation, including $200 million from Citadel Securities.
Other executive team changes include the promotion of Curtis Ting to chief operating officer in December and Kamo Asatryan to chief data officer in January.
A source indicated that Kraken’s finance division is being reorganized to operate more as a product than as a back-office function, aligning the team’s structure with the company’s new priorities ahead of the IPO.
Source: https://www.payward.com/governance
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