Lunar CEO Søren Kyhl Quits After Four Months as…
By Abdelaziz Fathi
AI summary of the source article
Søren Kyhl has stepped down as chief executive of Nordic digital bank Lunar after only four months in the position, stating that the bank's next strategic phase required different leadership. Lunar confirmed Chief Operating Officer Gitte Roskær and Chief Financial Officer Robert Stambro will serve as interim co-CEOs while the board searches for a permanent replacement. The departure occurs as Lunar remains loss-making, forecasting a full-year 2026 loss between DKK 125 million and DKK 175 million after abandoning its goal of achieving 2026 profitability. Additionally, Denmark's Financial Supervisory Authority recently issued orders regarding risk management, compliance understaffing, and Lunar's business model sustainability.
Why it matters
The rapid executive turnover creates execution risk as Lunar attempts to navigate continued financial losses, platform scaling, and regulatory orders from Denmark's financial regulator.
Key facts
- Søren Kyhl resigned as Lunar CEO after four months, replaced by COO Gitte Roskær and CFO Robert Stambro as interim co-CEOs.
- Lunar projects a full-year 2026 loss of DKK 125 million to DKK 175 million, moving profitability out of reach.
- Danish regulator Finanstilsynet issued orders concerning compliance understaffing, AI model risk, data quality, and IT-risk management.