Kraken announced the hire on March 22, 2022. It named Carrie Dolan chief financial officer, calling her “a recognized financial services veteran in high-growth consumer fintechs and Fortune 500 companies”1. She replaced Kaiser Ng, who had held the role for five years and left in January 2022, TronWeekly reported2.
Five of Kraken's 10 leadership moves on the record came in 2022, its busiest year
Leadership moves CryptoLately has verified at Kraken, by year
- 2022: 5
- 2023, 2024, 2025
Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.
Read the chart as a table
| Item | Value |
|---|---|
| 2022 | 5 |
| 2023 | 1 |
| 2024 | 2 |
| 2025 | 2 |
37 executive hires on the record in 2022
Executive hires CryptoLately has verified, by year; 2026 through Oct. 2, 2026
- 2022: 37
- 2019, 2020, 2021, 2023, 2024, 2025, 2026
Moves: The Moves Ledger, CryptoLately's record of verified leadership moves, Oct. 3, 2016 to Oct. 2, 2026.
Read the chart as a table
| Item | Value |
|---|---|
| 2019 | 11 |
| 2020 | 12 |
| 2021 | 27 |
| 2022 | 37 |
| 2023 | 20 |
| 2024 | 39 |
| 2025 | 59 |
| 2026 | 45 |
The move
Jesse Powell, Kraken's chief executive at the time, framed the hire around growth. “As a rapidly growing crypto platform, finance is the cornerstone of everything we do. Carrie exemplifies everything we could hope for in a CFO and we welcome her to the Kraken team,” Powell said. “I'm very confident that Carrie's talent, drive and record of scaling disruptive companies in regulated industries, will be instrumental in further expanding our business and laying the foundation for the next growth stage for our company.”1
Dolan arrived from Tradeshift, a digital payments platform. She had earlier held leadership roles at Lending Club, Metromile, Charles Schwab and Chevron, Kraken's blog said1. "I'm excited to join this incredible company at a pivotal time," Dolan said, “and work with the rest of the team to continue delivering on Kraken's mission to drive mainstream adoption by making sure crypto is understood, easily accessible and trusted.”
Kraken before and after
Dolan had managed Lending Club's 2014 initial public offering. Kraken's blog said it raised 1 billion dollars and ranked among the ten largest U.S. internet public offerings1. TronWeekly reported a fact Kraken's own post left out. Nearly two years after Dolan left Lending Club in 2016, the Securities and Exchange Commission charged her with incorrectly adjusting fund returns reported to investors2. Dolan settled the charges and paid a 65,000 dollar fine. That fine was part of a larger 4.2 million dollar penalty against Lending Club, which lost its license to operate in the securities industry, TronWeekly reported.
Kraken had doubled its workforce in 2021 and expanded its exchange offering, the company's blog said. It called Dolan's hire "the latest in a series of strategic hires," alongside a new chief people officer and a vice president of design1.
What came next
Dolan stepped away from the CFO post in 2024. Kraken named Stephanie Lemmerman, a finance veteran from Dapper Labs, to succeed her on Nov. 1, 2024, Banking Dive reported3. CoinDesk reported on Feb. 10, 2026, that Kraken removed Lemmerman from the role too, ahead of its planned U.S. listing, with Robert Moore taking over as deputy CFO4.
Sources
- Kraken Blog, "Kraken Welcomes Chief Financial Officer Carrie Dolan," March 22, 2022, https://blog.kraken.com/news/kraken-welcomes-chief-financial-officer-carrie-dolan
- Lipika Deka, "Kraken's new CFO has a clear track record except for one," TronWeekly, March 23, 2022, https://www.tronweekly.com/kraken-cfo-clear-track-record-except/
- Banking Dive, "Kraken cuts staff, appoints co-CEO and CFO," Banking Dive, Nov. 1, 2024, https://www.bankingdive.com/news/kraken-cuts-400-employees-appoints-co-ceo/731777/
- CoinDesk, "Crypto exchange Kraken fires chief financial officer ahead of long-awaited IPO," CoinDesk, Feb. 10, 2026, https://www.coindesk.com/business/2026/02/10/crypto-exchange-kraken-fires-chief-financial-officer-ahead-of-long-awaited-ipo