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Checkout.com COO and president Céline Dufétel is leaving the unicorn payments company, CEO Guillaume Pousaz revealed Wednesday in a blog post.

Why it matters: Well known in both fintech and traditional finance circles, Dufétel was previously T. Rowe Price's COO and CFO.

Between the lines: She was the most visible executive at the company after Pousaz, with her hiring in 2021 hailed as a sign of the the company maturing.

Dufétel "is leaving for personal reasons after three years at Checkout.com," Pousaz wrote in a post to employees. 

He promoted Jenny Hadlow to chief operating officer; she previously headed the company's global revenue operations team.

Context: This adds to a series of high-level exits over the last two years.

Former CTO Ott Kaukver and CPO Kerry Van Voris exited at the end of 2023, as first reported by Sifted. Mike Weigand, who led the company's compliance department, departed at the same time.

CMO Leela Srinivasan exited in March 2023.

The big picture: With a significant roster of startup and crypto clientele (and a return to in-person shopping), the company has taken a hit in the recent tech downturn. 

Last valued at $40 billion, Checkout.com cut its internal valuation below $11 billion in late 2022.

Though the company does not report its total group financials, it did offer a glimpse into its performance by sharing its U.K. results. Revenue in 2022 fell 5% compared with the year prior, to $246.3 million, and its losses ballooned 80%, to $126.3 million, that year.

The company says its net revenue however has grown 42% year-to-date, compared to the same period last year.

Former T. Rowe CFO Céline Dufétel to leave Checkout.com

The company was last valued at $40 billion, but has taken hits in the tech downturn.

an illustration of a halftone office chair in front of a blue background with a graph paper overlay

Fintech

Checkout.com COO and president Céline Dufétel is leaving the unicorn payments company, CEO Guillaume Pousaz revealed Wednesday in a blog post.Why it matters: Well known in both fintech and traditional finance circles, Dufétel was previously T. Rowe Price&#x27;s COO and CFO.

Former T. Rowe CFO Céline Dufétel to leave Checkout.com

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