Kraken fires CFO ahead of planned IPO

U.S.-based cryptocurrency exchange Kraken has fired Chief Financial Officer (CFO) Stephanie Lemmerman ahead of its planned initial public offering (IPO), CoinDesk reported, citing two sources familiar with the matter. Lemmerman joined Kraken from Dapper Labs in November 2024 and served as the company's CFO for about one year and four months. She will be succeeded by Robert Moore, who was previously the VP of business expansion. CoinDesk noted the move is significant, as it follows Kraken's confidential filing of IPO-related documents with U.S. regulators last November.

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