Revolut Co-Founder Vlad Yatsenko Exits CTO Role, Joins Board as Non-Executive Director
Leadership Transition at Revolut
Vlad Yatsenko Steps Down as CTO
PARIS, June 4 (Reuters) - Revolut's co-founder Vlad Yatsenko will stop being chief technology officer and become a non-executive director of the board, the company said in a statement on Thursday.
Background of Revolut's Founders
• Revolut co-founders Nik Storonsky and Yatsenko have been CEO and CTO of the company since its creation in 2014, according to their LinkedIn profiles, meaning the change is Revolut's biggest leadership shake-up to date.
Details of the Transition
• Yatsenko will become a non-executive director on July 1, Revolut said.
New Technology Leadership
• He will be replaced by Donato Lucia, currently head of technology, who will become "Vice President of Technology".
Company's Statement and Reasoning
• Revolut did not give a reason for the move.
• "We are pleased that Vlad will continue to lend his expertise to the company as he remains on the Board, now as a Non-Executive Director," a Revolut spokesperson said.
Reporting Credits
(Reporting by Elizabeth HowcroftEditing by Tomasz Janowski)
