Frankfurt N26 has found a successor for Jan Kemper: Arnd Schwierholz will become the new chief financial officer of the Berlin smartphone bank on February 1 of this year. The company announced this late Thursday evening.
Schwierholz comes from venture capital firm Iconical, which specializes in investing in technology start-ups. He was most recently active there as CFO and partner. He brings decades of technology and financial management experience to publicly traded companies, N26 said.
With the 52-year-old, N26 is indeed gaining a proven financial expert. Among other things, he was an investment banker at the major Swiss bank UBS and head of finance at Sky Chefs, a Lufthansa subsidiary, and at Air Berlin. In 2016 he then switched to the mobility provider Flix (formerly FlixMobility), the parent company of Flixbus and Flixtrain. There he was also responsible for the finance department until his move to Iconical in 2021.
N26 Supervisory Board Chairman Marcus Mosen said he was convinced that Schwierholz would make an important contribution to the development of N26 with his experience and passion for financial issues. With the occupation, N26 can quickly close the gap in the management team after the surprising departure of Jan Kemper in mid-December last year.
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At that time it was said that both parties had agreed on a separation. At the end of November, Kemper emphasized in an interview with the Handelsblatt how satisfied he was with his current task. “I don’t interpret my current position as CFO and COO as a bean counter, but feel comfortable as a co-pilot with important operational responsibility,” he said at the time.
Kemper only joined N26 in 2021, initially only in the role of Chief Financial Officer (CFO), and since the beginning of last year he has also been the Chief Financial Officer (COO). After Kemper’s departure, co-founder and co-CEO Maximilian Tayenthal took over this function. Now the post of chief financial officer has also been filled.
New Germany boss is coming
N26 also closed another gap in management on Thursday. Daniel Lappas is now responsible for the roof region, i.e. Germany, Austria and Switzerland, as well as Northern Europe, as the company announced. Lappas comes from the career network LinkedIn, where he was responsible for the “International Consumer Strategies & Operations” department. Previously, he worked for the management consultancy Boston Consulting Group and as a risk manager for the Munich-based car manufacturer BMW.
The post of head of Germany had been vacant at N26 since Georg Hauer left in September 2021. At the time, N26 said the search for Hauer’s successor was “already advanced”. Now, almost a year and a half later, the search is over.
More: CFO Jan Kemper surprisingly leaves N26.