Circle CFO Jeremy Fox-Geen to step down by year-end after steering $1.2B IPO

Circle Internet Group, the company behind the USDC stablecoin, announced on September 25 that Chief Financial Officer Jeremy Fox-Geen will resign by the end of December 2026. The same day, co-founder and board director P. Sean Neville also stepped down, shrinking Circle’s board from eight to seven directors. The details of the departure Fox-Geen joined Circle in May 2021, meaning he’s spent more than five years as the company’s top financial officer. During that stretch, he guided the firm through a $1.2 billion IPO on the New York Stock Exchange under the ticker CRCL. He will remain in the CFO seat until December 31, 2026, or until a successor is formally appointed, whichever comes first. Circle has already engaged a leading executive search firm to identify his replacement. Fox-Geen’s separation agreement includes a conditional cash payment of $1.05 million. His base salary was $500,000 per year, with eligibility for a 2026 incentive capped at 110% of that base. Fox-Geen framed the timing as intentional, saying that leaving now feels right after achieving several key milestones. Neville’s quiet exit Neville cited personal reasons for his resignation from the board, and Circle not...