Monzo CEO Announces Departure from EU Hub Leadership
1 report, 1 independent
Updated Sep 22
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What happened
The chief executive of Monzo’s EU hub in Dublin announced plans to step down, five months after launching the operation. The company operates across Dublin, Barcelona, and Madrid, employing a team of 100 people. Monzo Europe received a €96 million capital injection in the past year but posted a €28.8 million net loss in its financial year ending March.
From irishtimes.com
Why it matters
The departure of the executive comes while the company is in the process of finding a successor for the leadership role. The company is actively building its presence in the EU market through its operational bases in the three cities.
From irishtimes.com
Who's involved
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The entities involved
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Dublin
capital and largest city of Ireland
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Madrid
capital of Spain
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Barcelona
city in Catalonia, Spain