Kraken founder Jesse Powell steps down as CEO

Kraken Chief Operating Officer David Ripley will succeed Jesse Powell as Chairman of the Board.

Jesse Powell, co-founder of US crypto exchange Kraken, is stepping down as CEO. .

Kraken COO David Ripley Becomes CEO

and interview Aired on Thursday, Powell confirmed his resignation as CEO but said he would remain with the company as chairman of the board.The CEO role will be taken over by chief operating officer David Ripley, he added. .

As you know, I have a higher level role at the president level. You have full control over the entire company. Dave Ripley does all the heavy lifting for me.appreciate‘” he told Bloomberg TV.

Powell, who said he’s excited about the next chapter, the presidency, also talked about what it will enable him to do.

I have great confidence in David Ripley and his ability to lead this company. He’s been with us since 6 years before him when he was 50 and now he’s in his mid 3000’s. So he’s seen it all.So glad to have such a deep bench and someone stepping up from the inside’” he said in an interview.

Ripley will focus on running the company day-to-day, while Powell hopes he will have time.”Deepen your product and user experienceThis is despite the crypto market remaining in a bearish grip after a turbulent 2022, presenting a scenario that is likely to hamper Kraken’s stock market debut plans.

Mr. Powell co-founded Kraken in 2011 and remained its largest shareholder until becoming Chairman of the Board.

post Kraken founder Jesse Powell steps down as CEO first appeared coin journal. Kraken founder Jesse Powell steps down as CEO

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