Wirecard AG announced that CEO Markus Braun resigned suddenly as the fintech firm's share price nosedived by 80% over two days of trading. The company announced that Braun stepped down with the agreement of its board and that the company's chief compliance officer, James Freis, would temporarily take on the CEO role. Freis joined Wirecard only on Thursday via an emergency appointment to the board.

His start date was meant to be July 1.