Adyen CFO Tandowsky to step down in surprise move (updated)
UPDATE 1-Adyen CFO Tandowsky to step down in surprise move Adds details, co-CEOs quote in paragraph 5
May 27 (Reuters) - Adyen ADYEN.AS on Wednesday said its Chief Financial Officer Ethan Tandowsky will leave at the end of August to take an external role, prompting the Dutch payments company to begin a search for a successor.
The company said Tandowsky would step down effective August 31 and that its supervisory board would look for a replacement and give an update later.
"Though we are surprised by the timing, we respect his decision to take on a new challenge and wish him the best," supervisory board chair Piero Overmars said in a statement.
Tandowsky joined Adyen in 2016 and became chief financial officer in 2023. During his tenure, the group expanded into markets such as North America and Asia during a broader slowdown in the global payments industry.
"We regret his decision but value his contribution," Adyen co-CEOs Pieter van der Does and Ingo Uytdehaage said in the statement.
(Reporting by Alessandro Parodi in Gdansk, editing by Matt Scuffham)
Recent news on Adyen
See all newsBrief: JINS Selects Adyen To Power Unified Commerce Across 150 Stores In Japan
Europe Research Roundup: Airbus, Corbion, L'Oreal
Telenor sees AI shoppers testing its premium mobile pitch
Live Markets: Rising FX volatility spells trouble for carry trades
'Nasty surprise' of 2026 margin cut drags down Adyen shares