Circle CFO Jeremy Fox-Geen to step down by end of 2026

Circle Internet Group, the company behind the USDC stablecoin, announced that its Chief Financial Officer, Jeremy Fox-Geen, intends to step down from his position. Fox-Geen, who joined Circle in May 2021, will continue in his role until the end of 2026 to facilitate a smooth handover, unless a successor is appointed earlier. The New York-based firm is reportedly working with an executive search firm to find his replacement.

During his tenure, Fox-Geen played a significant role in Circle's expansion, including navigating a $1.2 billion initial public offering last year. Circle CEO Jeremy Allaire commended Fox-Geen for his strategic insight and financial leadership. Fox-Geen stated that having achieved many milestones, it was the right time for him to step down and take a break.

In a separate development, co-founder Sean Neville is also stepping down as a director, effective immediately, citing personal reasons. The company described Neville's departure as part of an orderly board refreshment process. Circle is known as the issuer of USDC, a stablecoin pegged to the US dollar, which has a market capitalization of approximately $75 billion.