Klarna Group plc (NYSE: KLAR) announced planned departures of its Chief Financial Officer and Chief Marketing Officer, with both transitions set to take effect in early 2027.

Niclas Neglén, who has served as CFO for six years, and David Sandström, who has held the CMO role for nine years, will each remain in their positions to lead their respective organizations through the transition period.

Klarna said a search for a New York-based CFO is underway. Neglén will continue to lead finance and investor engagement, including in his capacity as a board member, through the handover period.

Sandström will continue to lead marketing through the transition and prepare the brand and team for the next phase of the company's development.

CEO and Co-Founder Sebastian Siemiatkowski credited both executives with contributions during their tenures. "Niclas has built the finance organization that took us public and has been a trusted partner to me and the Board through six years of growth and change," he said. "David has given Klarna a voice; he took a Nordic payments company and has built one of the most recognized brands in global finance."

Klarna stated that neither transition was the result of any disagreement with the company on matters related to its operations, policies, or practices.