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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

- 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)

((Alessandro.Parodi@thomsonreuters.com;))

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