Gemini Space Station Inc. (GEMI) is parting ways with three top executives, including its chief operating officer (COO), chief financial officer (CFO) and chief legal officer (CLO), the exchange disclosed in a filing on Tuesday.
COO Marshall Beard, CFO Dan Chen and CLO Tyler Meade are all leaving effective immediately, according to the filing. Beard has also stepped down from Gemini’s board. The company said his resignation was not the result of any disagreement related to its operations, policies or practices.
The stock fell more than 10% in early Tuesday trading, underperforming most of its peers.
The departures come just days after Gemini announced it would shut down its crypto exchange operations in the UK, the European Union (EU) and Australia.
The exchange said it plans to cut about 25% of its global workforce and refocus its strategy on the US and prediction markets, marking a sweeping cut just months after the company went public.
Gemini said it does not plan to appoint a successor COO at this time. Instead, co-founder Cameron Winklevoss will take on many of Beard’s responsibilities, including revenue-generating duties, in addition to his existing role.
The board named Danijela Stojanovic, Gemini’s chief financial officer since May 2025, as interim CFO and appointed Kate Freedman, currently associate general counsel and corporate secretary, as interim general counsel, effective Tuesday.
At least one other senior employee linked to Gemini’s APAC division was also let go on Tuesday, according to a person familiar with the matter.
Gemini did not immediately respond to a CoinDesk request for comment.
