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Kraken announces leadership succession plan

Kraken announces leadership succession plan

After a rigorous internal and external search over the past year, Kraken is thrilled to announce that our COO Dave Ripley will succeed Kraken’s Co-founder and CEO Jesse Powell, who will become chairman of the board of directors. Dave has been building the future of financial freedom and inclusion alongside Jesse for six years and will assume the role of CEO after a search for his successor is completed.

“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,” said Jesse. “I look forward to spending more of my time on the company’s products, user experience and broader industry advocacy.”

As an accomplished leader at Kraken, Dave has played an instrumental role in growing our company and scaling our operations. He successfully grew Kraken from 50 to over 3,000 employees, while also completing more than 16 acquisitions and securing multiple regulatory licenses and partnerships.

“My vision, along with the rest of the leadership team, is in lockstep with Jesse’s — to accelerate the adoption of cryptocurrency,” said Dave. Under his leadership, Kraken will continue to invest in the ongoing expansion of our product portfolio, helping clients navigate the crypto landscape no matter where they are in their crypto journey.

With nearly a decade of crypto industry leadership experience, Dave joined Kraken through our acquisition of Glidera, an award-winning crypto wallet funding service where he was co-founder and CEO. He started his career as a software engineer and product manager, before joining the Boston Consulting Group where he advised executives throughout the financial services industry on top strategic priorities.

Over the past 11 years, Kraken has evolved from a bitcoin exchange into a diverse crypto platform. Our products include an extensive suite of trading tools and educational resources, industry-leading staking services, futures trading and an OTC desk. Kraken will soon launch its own NFT marketplace.

We are grateful for Jesse’s leadership, as well as his dedication to crypto values and Kraken’s mission over the last 11 years — and we are thrilled to have Dave as our new CEO as we embark on our second decade of growth and global adoption.

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell or hold any digital asset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position.

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