Kraken announced the appointment of Dave Ripley as the company’s new CEO.

The leadership succession plan was initially publicized in September 2022. However, with effect from April 27, Ripley takes over from Jesse Powell – who moves to his new role as Chairman of the Board.

In a blog post, Kraken said since announcing Ripley’s appointment, the leadership team has been working to achieve a smooth transition, ensuring the company is primed for “the next phase of growth under Dave’s leadership.”

This included appointing new senior executives Guy Hirsh as Managing Director for North America, CJ Rinaldi as Chief Compliance Officer, and Dan Ciporin as Board Member to shore up operations for the challenges ahead.

Rolling out new products in the Kraken NFT marketplace and Kraken Pro trading interface. And successfully applying for an Irish Virtual Asset Service Provider license while working toward a Canadian “Restrictive Dealer” registration.

(by Samuel Wan)