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Kraken Appoints Stephanie Lemmerman as CFO to Drive Financial Growth

Author

Slice of Finance Team
06 Nov

Key Highlights:

  • Kraken welcomes Stephanie Lemmerman as CFO, strengthening its leadership team amid $1B+ net revenue.

  • Stephanie brings extensive financial expertise from roles at Dapper Labs, Recharge Payments, and Activision Blizzard.

  • Co-CEOs Arjun Sethi and Dave Ripley underscore Lemmerman's role in Kraken's growth and potential public listing ambitions.

  • Current CFO Carrie Dolan will assist with the transition, ensuring continuity for Kraken's financial strategies.

  • Kraken ranked in Newsweek’s Global Top 100 Most Loved Workplaces for the second consecutive year.

Source: Business Wire

Notable Quotes:

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“There’s just such an amazing opportunity ahead given where the crypto industry is right now. I truly believe in Kraken’s mission of financial freedom and inclusion and I couldn’t be more excited to join the team and help write our next chapter.”

Stephanie Lemmerman, CFO at Kraken
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“Stephanie has deep expertise across fintech, gaming, and consumer crypto at scale. She’s one of the best financial and operations thinkers I've met in a long time. As we continue on our path of growth, I look forward to partnering with her to build more bridges into the world of crypto rails, and between traditional finance and decentralized financial technology.”

Arjun Sethi, Co-CEO at Kraken
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“Stephanie coming on board is a part of our commitment to charting a path to one day become a public company. She brings a powerful combination of financial leadership and a deep understanding of finance functions, both of which will be critical for our future plans.”

Dave Ripley, Co-CEO at Kraken

Our Take:

Kraken’s strategic appointment of Stephanie Lemmerman as CFO signals its ambitions to accelerate growth and explore the potential of becoming a public company. Her background in blockchain and fintech, especially from Dapper Labs and Activision Blizzard, aligns well with Kraken’s goal of bridging traditional and decentralized finance. Co-CEOs Arjun Sethi and Dave Ripley’s remarks highlight Lemmerman’s role in guiding Kraken’s financial strategy during a time of significant opportunity in the crypto industry. This move positions Kraken not only to expand its platform but also to solidify its standing as a leader in secure, mission-driven crypto solutions.