Good morning. Niclas Neglén helped take Klarna public in September 2025. Now, after six years as CFO, he’s leaving—alongside David Sandström, the company’s chief marketing officer of nearly a decade—in a leadership transition. The changes were announced the same day Klarna tempered its full-year guidance and watched its stock fall about 22%. Both executives will transition out of their roles by early 2027.
Klarna, a Sweden-based buy-now-pay-later company, is a digital bank and payments provider with nearly 120 million global active users. Companies such as Apple, Nike, and Sephora offer Klarna as a payment option for their shoppers. It trades on the New York Stock Exchange under the ticker KLAR. Klarna is backed by Sequoia Capital, which has invested in the company since 2010 and remains its largest institutional shareholder.
