Fintech/News/

German fintech N26 loses COO Adrienne Gormley

The departure leaves no full-time woman in the C-suite at the German neobank.

By Miriam Partington in Berlin

Adrienne Gormley

German fintech N26’s chief operating officer is stepping down, the latest in a series of high-profile departures in the past two years. It also leaves the company with no full-time woman at the C-suite level. 

According to a statement released today, Adrienne Gormley is leaving the neobank at the end of April “to pursue other challenges”. Jan Kemper, currently chief financial officer, will take over her role in addition to the CFO role. 

The only other woman at the C-suite level is interim chief people officer Eva Glanzer, but she is not full time, according to N26.

It’s the latest chapter in a series of senior exits and high staff turnover at one of Germany’s most famous tech companies. It’s also a further blow as the company battles German financial regulators and eyes a potential public offering in 2023.

When asked about the turnover rate, N26 said that employee turnover was indeed “higher than we would like” in the first half of last year, but has since decreased significantly.  

N26 said in a statement about Gormley’s departure: “N26 would like to thank Adrienne for her contributions to the business in the past years. We wish her every success in her next challenge.”

Miriam is Sifted’s Germany correspondent. She tweets from @mparts_

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Eryn Hudson
Eryn Hudson

N26 always does very well its responsibility to customers. So no matter what changes, I will always support.

Enoch ampong
Enoch ampong

I think most companies can learn from N26 how rapidly they are evolving and creating the best banking experience. They are holding nothing back. I hope her departure will not let the company come to a standstill but push further to continue her good work.

Browne michael
Browne michael

Have you seen how much they charge to put money into your account, everyone else is free. Closed my account and went to revolut. Best yet..

Annnymous
Annnymous

I wanted to join this bank and made an application. I’m on waiting list since October. I gave up and chose revolut instead.

Anonymous
Anonymous

I wonder why so many employees are leaving N26? I’ve seen a few articles online about this. I’m banking with N26 and I think as a customer they are great. But it doesn’t seem fun to work there.

Danny Peers
Danny Peers

I joined N26 last October as a client and it is the best bank I’ve ever used. Straight forward transactions and clear and simple to log in. This bank is by far the around.

Aaron
Aaron

I agree 💯%. Best bank I’ve used so far as well.

Zeeshan Ali
Zeeshan Ali

I’ve been with them for 4 years and I’d also agree. On top of that, it’s still the only German bank that provides service in English.