Gemini Space Station Inc. (GEMI) has announced significant changes to its executive team, parting ways with its chief operating officer, chief financial officer, and chief legal officer. This announcement, made in a regulatory filing on Tuesday, reveals that COO Marshall Beard, CFO Dan Chen, and CLO Tyler Meade are leaving the company effective immediately. Notably, Beard has also resigned from Gemini’s board of directors, although the company clarified that his departure was not due to any disagreements over operations or policies.
Following the news of the executive exits, Gemini’s stock took a hit, falling more than 10% in early trading, underperforming compared to many of its competitors in the market. These departures come on the heels of Gemini’s recent announcement that it will be shutting down its cryptocurrency exchange operations in the United Kingdom, European Union, and Australia. The company disclosed plans to cut approximately 25% of its global workforce as part of a strategic refocusing on the U.S. market and prediction markets, signaling a sharp pivot just months after its public debut.
In light of the leadership changes, Gemini has decided not to appoint a successor for the COO position at this time. Instead, co-founder Cameron Winklevoss will take on many of Beard’s responsibilities, including revenue-generating functions, in addition to his existing duties.
The board has appointed Danijela Stojanovic, who has served as chief accounting officer since May 2025, to fill the role of interim CFO. Kate Freedman, currently serving as associate general counsel and corporate secretary, has been named interim general counsel, effective immediately.
Additionally, it has been reported that at least one other senior employee associated with Gemini’s Asia-Pacific division was terminated on the same day as the executive departures.
As of now, Gemini has not provided any further comments in response to inquiries from CoinDesk regarding these changes.
