Kraken Names Dave Ripley as CEO as Jesse Powell Becomes Chairman

by Arnab Shome
  • Ripley has been working as Kraken’s COO since 2016.
  • The company is going through expansion and reportedly facing regulatory backlash.
Kraken

Kraken, one of the oldest cryptocurrency exchanges in operation, announced the appointment of Dave Ripley as the new Chief Executive Officer amid the stepping down of the Co-Founder, Jesse Powell from the apex role. Powell will now become the Chairman of the exchange’s board.

Ripley is an insider, who joined Kraken in October 2016 as the Chief Operating Officer.

“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,” Powell said in a statement. He further confirmed his extended involvement, as the Chairman, “on the company’s products, user experience and broader industry advocacy.”

Ripley has taken over as the CEO when Kraken is going through an expansion phase and reportedly facing a federal investigation in the United States for the alleged violation of sanction rules.

Additionally, the press release highlighted Ripley’s role in scaling its operations and his involvement in more than 16 acquisitions, regulatory licenses and partnerships.

An Experienced Executive

Ripley comes with a technology background and has almost 25 years of work experience. He joined Kraken in late 2016 with its acquisition of Glidera, a Chicago-based company he co-founded and headed as CEO.

He started his career in 1998 in Software centric roles, working with companies like National Instruments, Lucent Technologies and Syclo. Later, he joined the Boston Consulting Group where he advised top company executives on strategic priorities.

“My vision, along with the rest of the leadership team, is in lockstep with Jesse’s, to accelerate the adoption of cryptocurrency,” Ripley said in a statement.

Meanwhile, Kraken made a few other changes in its top management earlier this year. The company onboarded Mayur Gupta as the Chief Marketing Officer and appointed Carrie Dolan as the Chief Financial Officer.

Kraken, one of the oldest cryptocurrency exchanges in operation, announced the appointment of Dave Ripley as the new Chief Executive Officer amid the stepping down of the Co-Founder, Jesse Powell from the apex role. Powell will now become the Chairman of the exchange’s board.

Ripley is an insider, who joined Kraken in October 2016 as the Chief Operating Officer.

“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,” Powell said in a statement. He further confirmed his extended involvement, as the Chairman, “on the company’s products, user experience and broader industry advocacy.”

Ripley has taken over as the CEO when Kraken is going through an expansion phase and reportedly facing a federal investigation in the United States for the alleged violation of sanction rules.

Additionally, the press release highlighted Ripley’s role in scaling its operations and his involvement in more than 16 acquisitions, regulatory licenses and partnerships.

An Experienced Executive

Ripley comes with a technology background and has almost 25 years of work experience. He joined Kraken in late 2016 with its acquisition of Glidera, a Chicago-based company he co-founded and headed as CEO.

He started his career in 1998 in Software centric roles, working with companies like National Instruments, Lucent Technologies and Syclo. Later, he joined the Boston Consulting Group where he advised top company executives on strategic priorities.

“My vision, along with the rest of the leadership team, is in lockstep with Jesse’s, to accelerate the adoption of cryptocurrency,” Ripley said in a statement.

Meanwhile, Kraken made a few other changes in its top management earlier this year. The company onboarded Mayur Gupta as the Chief Marketing Officer and appointed Carrie Dolan as the Chief Financial Officer.

About the Author: Arnab Shome
Arnab Shome
  • 6227 Articles
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6227 Articles
  • 79 Followers

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