UK Challenger bank Revolut is set to lose key prominent departmental heads who have been with the company since its early days. The departures are part of the firm’s ongoing rebasing process, The Block Crypto reports.
Among those departing is Chad West, the director of global marketing and communications. West has been holding the position since April 2017.
According to West, he will be taking a top position at an unnamed startup.
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“Super hard decision to leave, but it’s time for a new challenge, and a trip back to my startup roots!” he said.
Revolut’s head of business product Vaidas Adomauskas is also vacating his position alongside the global head of growth Irina Nicoleta Scarlat.
On her future plans, Scarlat notes that she will be taking a three months sabbatical after years of ‘relentless work.’ In a blog post, Irina states that:
“Saying that my Revolut experience has been rewarding would be an understatement. I feel incredibly lucky to have been part of Revolut’s growth journey. However, three years on the rocketship feel like dog years in normal time. This is the true reason why the median tenure in a tech startup is two years. I feel like I’ve run a marathon with the speed of a sprint. I know way too well what this means and I’ve learned to listen to the signals that I receive from my body and mind.”
Scarlat was part of Revolut’s rapid growth era working in Romania as the country manager. The departures come as Revolut surpassed 15 million users globally.
Company sources deny rebasing process
The ongoing process will see the company fill certain leadership positions with more experienced personnel.
However, sources close to the firm speaking to The Block Crypto maintain the departures are not part of the rebasing process.
The last time Revolut witnessed the departure of senior executives was last year amid the coronavirus pandemic. The firm saw senior executive depart as part of its profitability push.
