Klarna to Replace CFO, CMO as Revenue Outlook Softens and Stock Slides

Klarna, the Sweden-based buy-now-pay-later platform with nearly 120 million global users, confirmed that chief financial officer Niclas Neglén and chief marketing officer David Sandström will step down by early 2027. Their departures were disclosed alongside a softened full-year revenue outlook of $4.08 billion to $4.16 billion, citing a slowdown in German consumer spending, and a cumulative share decline of about 22%, with the stock closing at $14.73 after a further 2.19% drop.

In the second quarter, Klarna reported diluted earnings per share of $0.01, a 27% year-over-year revenue increase to approximately $1.04 billion, and an unexpected net profit of $9 million. Sequoia Capital remains its largest institutional shareholder. Klarna said the upcoming CFO search will focus on a New York-based candidate possessing deep U.S. capital-markets, banking and balance-sheet expertise, a move analysts view as a signal to Wall Street. CEO Sebastian Siemiatkowski praised Neglén’s role in taking the company public and stressed the transitions are not linked to operational disagreements.