We’ve come a long way since Kraken announced its management succession plan last September. This week, Dave Ripley will officially start as CEO of Kraken, while outgoing CEO and co-founder Jesse Powell will step into his new role as Chairman of the Board.
Over the past few months, Kraken’s management team has done a lot of work to ensure a smooth transition. We successfully addressed a number of industry challenges, launched several new products and further strengthened our management team. We did this to ensure Kraken is in a strong position for the next phase of growth under Dave’s leadership.
We have many more exciting things to come and we look forward to sharing more in the weeks and months to come.
“Dave has been an incredibly valued colleague and thought partner for years. There is no other leader in this industry with the conviction, experience and crypto character that Dave brings,” Jesse said. As a founder himself, he has an unparalleled and deep understanding of our business, our customers and the opportunities ahead for Kraken.”
After a period of unprecedented growth, 2022 has been a tumultuous year for crypto. During the transition period, Kraken has adapted its organization to current demands to effectively increase its market share and expand its business globally.
“Jesse’s leadership over the past 12 years has helped make Kraken the mission-driven powerhouse it is today,” said Dave. “As we move forward, the challenges and opportunities will continue to evolve, but Kraken’s mission and values will remain deeply embedded in its DNA. We remain committed to driving crypto adoption and unlocking its full potential while keeping our customers at the forefront of everything we do.