Dive Brief:
On Monday, Berlin, Germany-based neobank N26 appointed Dr. Jan Kemper as CFO, in what analysts consider a decisive move towards an IPO.
Kemper, whose PhD is in economics, brings decades of experience leading finance and operations at public and private companies. Most notably, he led online retailer Zalando SE's 2014 IPO and served as Group CFO of German entertainment company ProSiebenSat.1 Media SE between 2017 and 2019.
Kemper will report directly to N26 co-founder Maximilian Tayenthal, who had been serving as finance chief, but will now become co-CEO alongside Valentin Stalf. "Jan's track record in scaling companies from start-up through IPO will be invaluable as we set in motion our plans for the future," Tayenthal said in a statement.