Chief Executive Officer.

Klarna’s Chief Executive Officer (CEO) is responsible for the day-to-day management of the Group’s activities in accordance with the external and internal frameworks. The CEO reports to the Board and submits at each board meeting a report on the performance of the business in relation to decisions made by the Board, among other things. The Board has adopted an instruction for the CEO’s work and duties which also regulates the division of responsibilities and the interaction between the CEO and the Board.

The CEO appoints the heads of corporate functions (CXOs) and the heads of the control functions. The Chief Risk Officer and the Chief Compliance Officer’s appointment and replacement are also approved and decided on by the Board.

The CEO is Sebastian Siemiatkowski.

He works together with the CXOs in Klarna’s Group Management Team. They discuss matters of common concern to several corporate functions, strategic issues, business plans, financial forecasts and reports and they usually meet on a weekly basis or when the CEO convenes a meeting.

CXO Team

Sebastian Siemiatkowski, CEO

David Fock, Chief Product Officer

Yaron Shaer, Chief Technical Officer

Niclas Neglén, Chief Finance Officer

David Sandström, Chief Marketing Officer

Luke Griffiths, Chief Commercial Officer

Linda S Höglund, Chief Operating Officer

Camilla Giesecke, Chief Expansion Officer

 

Management Committees

The CEO has, besides the CXO Team, three separate committees at his disposal for the purpose of managing the operations:

Executive Credit and Fraud Committee, which is responsible for reviewing credit risk results and trends as well as steering the company’s overall generation of credit risk.

Capital & Liquidity Committee, which is responsible for assessment and decision making within the internal capital assessment process.

Audit Compliance and Operational Risk Committee, should serve as an internal gatekeeper for all Audit, Compliance and Operational Risk related matters.