Klarna wants its next CFO in New York. That’s a signal to Wall Street
Niclas Neglén is stepping down as finance chief, and the company's next CFO will need capital markets credibility, says a recruiting expert.
Klarna, the Sweden-based buy-now-pay-later company, is seeking a new CFO to join the company in New York, signaling a shift in leadership as the company transitions to a public entity. Niclas Neglén, who has been CFO for six years, will leave the company by early 2027, along with David Sandström, the chief marketing officer. Klarna reported second-quarter diluted earnings per share of $0.01, which beat Wall Street expectations, while revenue increased 27% year over year to approximately $1.04 billion.
However, the company tempered its full-year revenue outlook to $4.08 billion–$4.16 billion due to weakness in German retail spending. The CFO transition is seen as a natural progression for the company, with the new CFO needing to have U.S. public company experience, capital markets expertise, and experience in banking and regulated financial markets.
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