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Payments firm Klarna has seen a string of senior departures in recent weeks, Bloomberg News reports.
Among those leaving are Andrea Ferraz Estrada, head of investor relations and M&A in Stockholm, and Andrew Pietro, Klarna's New York-based global head of litigation. Both confirmed their departures in March via public LinkedIn posts.
The duo's exit follows the departure of long-time engineering lead Yuri Gusev in February, as well as Joao Tonon, head of AI and automation within the operations team, who left in January to pursue new opportunities at Zalando.
The company's shares have halved this year and have lost two-thirds of their market value since the September listing.
Klarna Group Plc is a United Kingdom-based technology company focused on developing commerce networks. The Company is an artificial intelligence (AI)-powered global payments network and shopping assistant. It provides consumers and merchants with a range of solutions, including payment, advertising and digital retail banking, through several channels. Its online payments solution is designed to bridge uncertainty in the transactions between consumers and merchants by providing short-term credit to consumers interest-free. Its range of payment options allows consumers to purchase what they choose, both online and offline. Its payment solutions include Pay in Full, Pay Later and Fair Financing. Its Pay in Full instantly settles purchases at the time of the transaction. Its Pay Later enables consumers to purchase goods or services at the time of the transaction and pay the full amount at a later date. Its Fair Financing allows consumers to pay for their purchase over a longer duration.
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Investor
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