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Klarna , the Stockholm - based steal - now - pay - later outfit that’sbarrelingtoward an IPO , is n’t done stir up its circuit board .
accord to the FT , seven music director justagreed to oustinvestor Mikael Walther from Klarna ’s eight - mortal board , almost eight class after he joined it . Walther is a confidante of Klarna co - founder Victor Jacobsson , who rest a major shareholder and , reportedly , a nuisance to co - founder Sebastian Siemiatkowski , who has lead the company as chief operating officer for nearly 20 year , whereas Jacobsson moved on in 2012 .
It ’s the 2d prison term Klarna ’s control board has change in dramatic fashion this year . Soon after joining the plug-in in January , Matt Miller , a Sequoia Capital investor , was said toadvocate for the removalof famed VC Michael Moritz , who write Klarna ’s first halt on Sequoia ’s behalf in 2010 , stay Klarna ’s professorship despite draw back from Sequoia last year , and who Miller clashed with almost right away .
Roughly six weeks subsequently – following a war waged in the press – Sequoia apologized , commit back Miller , and instal a third mate , Andrew Reed , who continues to represent the firm .
