Revolut’s vice president (VP) of growth Hannes Graah is set to leave the digital bank, Finance Magnates reports.
Graah leads more than 100 of Revolut’s workforce operating in the fintech’s distributed market approach,marketing, brand, product and data science divisions.
Revolut has lost nine executives since March when the coronavirus began
The soon to be former VP joined the start-up a year ago, after an eight-year stint at Spotify where he finished up as global head of new markets, having helped the music streaming service expand into new countries such as Japan.
He has founded four start-ups, including a network gaming event organiser, a website developer, a second-hand sales platform which he has sold, and an online nightlife magazine.
With the increasing pressure to meet targets in a bid to become profitable before year end despite the ongoing economic crisis, Revolut will need to find a replacement fast to keep up its growth momentum.
Earlier this month, Revolut was accused of pressuring more than 50 of its employees to leave their jobs, according to an investigation from Wired.
Based in Poland and Portugal, the workers in question were not included in the 62 redundancies the fintech start-up confirmed last month.
Read more: Revolut lets staff swap pay for shares in the challenger bank
The fintech has also seen a series of execs depart this year. It has lost nine executives since March when the coronavirus began, with the majority of departures reported by Financial News.
North America general manager, Dan Westgarth, and lead data scientist, Abhi Thanendran, both left the firm in April, having joined it in 2015 and 2016 respectively.
Global head of employer branding, Anca Pintilie, and regulatory reporting manager, Alexander Gratz, also left the firm in April. Pintilie departs just eight months after she joined, prior to spending nearly five years at Oracle.
These departures came days after it emerged Revolut had lost its deputy chief financial officer, Stefan Wille, and its interim head of finance, Anne Borzenko.
Earlier in April it also emerged that the head of wealth and trading, André Mohamed, had left, and in March the fintech’s just seven-month strong chief financial officer, David MacLean, announced his departure due to “personal reason”.
A source told FN the fintech was undergoing a “massive churn” at the minute, and that staff cannot afford to make mistakes.
Read next: Revolut loses its head of wealth and trading, a former Freetrade co-founder
Source: https://www.fintechfutures.com/2020/06/revoluts-vice-president-of-growth-set-to-leave/
