Klarna Names Robinhood VP New CFO Ahead Of Holiday Turnaround

Buy-now-pay-later firm Klarna is attempting to reverse its downward trend caused by slowing European spending and a sharp stock decline. To support this turnaround, the company announced on Thursday that Chris Koegel will serve as chief financial officer starting January 1, 2027, after regulatory approval. Koegel replaces Niclas Neglén, who continues in his role until December 31 of this year. Before joining Klarna, Koegel served at Robinhood Markets Inc., where he rose to vice president and head of corporate finance and investor relations since 2022 during the company's valuation growth from under $10 billion to over $100 billion. He previously led investor relations at LPL Financial Holdings Inc. after spending thirteen years with Bain & Company. Klarna CEO Sebastian Siemiatkowski stated that Koegel's financial leadership experience will aid the firm's future expansion. The fintech company is set to report third-quarter earnings on November 17, where analysts project a narrower loss of 13 cents per share compared to the previous year's 25-cent loss and revenue growth to $963.88 million from $903.00 million. While technical analysis shows shares down 60.9% over twelve months with neutral momentum, analyst consensus remains a Buy rating with an average price forecast of $19.57.