Klarna CFO, CMO to leave early next year
Article excerpt
The Swedish fintech has begun a search for a New York-based finance chief. Meanwhile, the company adjusted its 2026 financial outlook downward. Two members of Klarna’s C-suite are leaving the company early next year, the Swedish buy now, pay later juggernaut announced Tuesday. Klarna CFO Niclas Neglén and David Sandström, the company’s chief marketing officer, will remain in their roles through the planned transitions, said the fintech, which also reported second-quarter earnings Tuesday. Klarna has begun a search for a New York-based CFO, the company said. The fintech has turned its focus stateside in recent months, applying for an industrial loan company charter in the U.S. “Having a stronger presence in New York is important to us,” Klarna CEO Sebastian Siemiatkowski said on a call Tuesday to discuss earnings. “At the same time, we think it’s also helpful to be close to the investor relations community and the stock market.” Neglén, ahead of his departure, will continue to lead investor engagement, the company said. “It's been an extraordinary six years and I'm deeply proud of what we have built together,” Neglén said. “I am very pleased we've been able to plan the transition in a way that gives Klarna plenty of continuity.” Before joining Klarna in March 2021, Neglén worked for five years at HSBC’s private bank. He served as CFO and later chief operating officer for the...
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Extracted from this sentence
Klarna reported $9 million in net income for the second quarter, well above the $53 million loss it took in the same period last year.
