Revolut, the British financial technology company, has announced the promotion of Victor Stinga to the role of interim Chief Financial Officer (CFO), following the resignation of Mikko Salovaara. The announcement came on Wednesday, following Salovaara's departure after the company's maiden profit announcement in 2021.
Stinga, who was previously the head of finance and strategy at Revolut and a key member of the CEO office accountable to Nik Storonsky, has taken on this new role amidst an ongoing search for a permanent Group CFO. The company is reportedly evaluating both external prospects and Stinga himself for this position.
Before his promotion, Stinga had a successful tenure at Revolut, leading the $800 million Series E funding round that attracted investors including Softbank (OTC:SFTBY). He was also recognized as a "founder associate" under CEO Nik Storonsky and a "partner" at Revolut.
One of Stinga's crucial duties in his new role will be to approve the 2022 accounts amidst an audit timeline delay and following substantial misstatements in the 2021 revenues. This task is particularly significant as it ties directly into Revolut's licensing process overseen by the Prudential (LON:PRU) Regulation Authority.
In addition to Stinga's promotion, Revolut has hired Francesca Carlesi, former CEO at Molo, as head of Revolut NewCo, the entity applying for its UK banking license. Prior to joining Revolut, Stinga held positions at Capgemini and Amazon (NASDAQ:AMZN).
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