Streamex Appoints Former Coinbase Global Controller Christine Plummer as New CFO
STEX has more than doubled off its 52-week low of $0.4 on elevated volume (2.3× avg).
Summary
Streamex Corp. announced the resignation of its CFO, Ferdinand Groenewald, and the appointment of Christine Plummer, a former Global Controller at Coinbase and Managing Director at Morgan Stanley, as the new Chief Financial Officer.
Key Events · Executive and Board Changes · STEX
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Outgoing CFO Resignation
Ferdinand Groenewald resigned as Chief Financial Officer, principal accounting officer, and principal financial officer, effective March 15, 2026. His resignation was not due to any disagreement with the company.
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Separation Package and Consulting Agreement
Mr. Groenewald will receive a cash severance of $112,500, pro-rata annual bonuses for 2025 and 2026, and 12 months of COBRA reimbursement. His outstanding restricted stock units were amended to 301,500 RSUs and 60,000 restricted shares, all of which became fully vested. The company also agreed to satisfy $397,000 in tax liabilities for previously vested awards. Additionally, an affiliate of Mr. Groenewald will provide consulting services for six months at $20,000 per month.
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New CFO Appointment
Christine Plummer was appointed as the new Chief Financial Officer, principal accounting officer, and principal financial officer, effective upon Mr. Groenewald's resignation. Ms. Plummer brings over 30 years of experience, including roles as Global Controller at Coinbase and Managing Director at Morgan Stanley.
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New CFO Compensation and Equity Grant
Ms. Plummer will receive an annual base salary of $350,000 and is eligible for an annual discretionary bonus. She will also receive a grant of 500,000 restricted stock units, vesting quarterly over 48 months, subject to Compensation Committee approval.
Analysis · STEX · Industrial Applications And Services
This filing details a significant executive transition, with the departure of the previous CFO and the immediate appointment of a highly experienced replacement. Christine Plummer's background at Coinbase, MSCI, and Morgan Stanley is particularly relevant for Streamex's focus on tokenization of real-world assets, signaling a strategic move to strengthen financial leadership with expertise in both traditional finance and digital assets. While the separation package for the outgoing CFO represents a notable expense, the strategic value of the new hire is substantial for the company's growth trajectory and regulatory compliance in its specialized sector.
At the time of this filing, STEX was trading at $1.64 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $145.5M. The 52-week trading range was $0.40 to $14.11. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.