Circle CFO Jeremy Fox-Geen Departs in December After Five Years
Circle CFO Jeremy Fox-Geen will depart the company in December after five years in the role. His departure comes shortly after Circle’s June 2025 IPO raised $1.05 billion at an $8 billion valuation.
Fox-Geen will remain CFO through Dec. 31 or until a successor is named, continuing to earn his $500,000 base salary and eligibility for a 2026 target bonus of 110% of that pay. Upon leaving, he will receive a $1.05 million severance paid in monthly installments over a year and accelerated vesting of restricted stock units equal to two additional months. Circle also announced a new $100 million equity investment from Binance under a five‑year agreement to expand USDC into emerging markets. Co‑founder P. Sean Neville stepped down from the board immediately, reducing its size from eight to seven members.
“key role in building Circle to the company it is today,” Jeremy Allaire, CEO and Chairman said.
“Serving as Circle's Chief Financial Officer has been the highlight of my professional career,” Jeremy Fox-Geen, CFO said.
Fox-Geen, a former McKinsey & Company and PricewaterhouseCoopers analyst, joined Circle in 2021 and helped guide the firm through its June 2025 IPO after several earlier abandoned attempts to go public.
What we know
Jeremy Fox-Geen will depart Circle in December after five years as CFO.
Circle's June 2025 IPO raised $1.05 billion at an approximately $8 billion valuation.
Binance pledged a $100 million equity investment into Circle under a five‑year commercial agreement.
Fox-Geen will receive an aggregate cash payment of $1.05 million paid in monthly installments over 12 months following his resignation.
Circle’s board was reduced from eight to seven members after co‑founder P. Sean Neville stepped down.