The exchange's current COO will assume the position of CEO after Powell steps down.
The exchange’s current COO will assume the position of CEO after Powell steps down.
Jesse Powell, the chief executive officer and co-founder of major cryptocurrency exchange Kraken, will step down from his position after leading affairs at the company for more than a decade.According to aon Wednesday , Dave Ripley, Kraken’s chief operating officer , will replace Powell as the new CEO. Ripley will assume the top executive position once the firm gets a new COO.
Meanwhile, Powell, the Kraken’s largest shareholder, will remain chairman of the company’s board. The co-founder made the decision to step down over a year ago, with the exchange searching for a suitable replacement before choosing Ripley.“Dave’s proven leadership and experience give me great confidence that he’s the ideal successor and the best person to lead Kraken through its next era of growth.
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