Key facts
- Circle CFO Jeremy Fox-Geen will step down by the end of 2026.
- Fox-Geen will remain in his role until a successor is named or through December 2026.
- Circle has hired an executive search firm to find a new CFO.
- Co-founder P. Sean Neville resigned from Circle's board for personal reasons.
- Circle is the issuer of the USDC stablecoin, which has a market cap of approximately $75.3 billion.
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 company has engaged an executive search firm to find his replacement.
During his tenure, Fox-Geen played a significant role in Circle's expansion, including steering the company through its $1.2 billion initial public offering on the NYSE. Circle CEO Jeremy Allaire commended Fox-Geen for his strategic insight, financial leadership, and operating discipline. Fox-Geen stated that having achieved many milestones, it was the right time for him to step down and take a break before his next chapter.
In a separate development, co-founder P. Sean Neville resigned from Circle’s board of directors, citing personal reasons. The company described both exits as orderly and stated neither involved any disagreement with management. Circle is known as the issuer of USDC, a stablecoin pegged to the US dollar, which has a market capitalization of approximately $75.3 billion.