Dive Brief:
- Stripe Chief Financial Officer Dhivya Suryadevara announced she has made the “difficult decision” to step down from her CFO post as she will be “taking some time off to attend to family matters,” the finance chief wrote in a LinkedIn post on Thursday.
- Suryadevara took the financial helm of the digital payments darling in August 2020 after she left her previous CFO role at General Motors.
- John and Patrick Collison, Stripe co-founders and brothers, told employees on Jan. 26 that they plan to decide within the next 12 months whether to take the company public or allow employees to sell shares in a private-market transaction, CNBC reported.
Dive Insight:
Suryadevara will be staying with Stripe, which has dual headquarters in San Francisco and Dublin, until April, “given everything going on at the company,” she wrote.
John Collison will lead the company’s finance function while Stripe searches for a permanent replacement, Bloomberg reported.
The payments software provider announced on Jan. 23 that it has become “a strategic payments partner” with Amazon in the U.S., Europe and Canada under an “expanded global agreement” between the companies, according to an online post. The Amazon deal is coveted and a deal many payments companies are vying for given Amazon’s retail reach across the internet.
Also this week, Stripe’s potential competitor Checkout.com announced leadership changes with Nirupam Sinha’s appointment to the CFO seat as part of the London-based company’s U.S. expansion plans. The leadership changes mark the latest development in Checkout.com’s plan to “take on Stripe,” according to a company spokesperson.
