CFO Niclas Neglén and CMO David Sandström are departing Klarna by early 2027 in a major leadership transition. The Swedish buy-now-pay-later company cut its full-year revenue outlook to between $4.08 billion and $4.16 billion due to weakness in German retail spending, its largest European market. In the second quarter, Klarna reported a surprise net profit of $9 million and revenue up 27% year over year to approximately $1.04 billion, while its stock fell about 22%. The company, which has nearly 120 million global active users and trades on the NYSE under ticker KLAR, is now seeking a New York-based CFO, a move that signals strategic intent to Wall Street. Shawn Cole, partner at executive search firm Cowen Partners, commented that appointing a New York-based CFO sends a prestige and capital-markets signal given proximity to U.S. investors and analysts.
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