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Sweden – Trustly appoints new CEO

By - 15 December 2021

Trustly’s Board of Directors has appointed Johan Tjärnberg, currently Chairman, as the company’s new CEO starting January 17, 2022.

Oscar Berglund decided to step down as CEO to assume a new role as Chief Business Development Officer whilst Fredrik Näslund, Board Member at Trustly, and Partner at Nordic Capital Advisors, will take on the role as Chairman of the Board.

Over the past year, Trustly has seen significant growth both in Europe and North America, with North America now representing close to half of total group revenue compared to around one-fifth a year ago. As Trustly becomes an increasingly large, global and more complex company, Oscar Berglund thinks the time is right to hand over to a new CEO.

“I have been CEO of Trustly for more than five years now, working with the fantastic Trustly team. Looking ahead, our operations will continue to grow in terms of both size and complexity.

“I have worked with Johan for two years and can for the coming phase of the Company’s development think of no better candidate for the Trustly CEO job. I look forward to continuing to work closely with him and the rest of the team in my new role as Chief Business Development Officer, which will allow me to focus on Trustly’s high-impact projects and stakeholder interactions.”

Johan Tjärnberg brings experience from scaling global payments businesses and has a track record of innovation within the payments industry. In 2014, Johan founded Bambora, an international payments processor for in-store and online retailers. Following Ingenico’s acquisition of Bambora in July 2017, he held several positions in the Ingenico management team, most recently as EVP of the Retail Business. Prior to founding Bambora, Johan served as CFO and later CEO of Point, a European payment services provider.

Johan commented: “I am motivated and engaged to assume the role as CEO of Trustly. Trustly is perfectly positioned to make digital payments seamless for everyone by connecting consumers and merchants through their bank account and I am looking forward to being part of the team that will continue to drive Trustly’s global expansion going forward.

Fredrik Näslund added: “The Board of Directors is delighted that Johan Tjärnberg has agreed to take on the role as CEO. The Board would also like to thank Oscar Berglund for his dedication and instrumental contributions to Trustly since inception of the business more than ten years ago.

“Going forward, Oscar will remain as an engaged shareholder and work closely with Johan in the new role of Chief Business Development Officer.”

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